What is mismarking in securities valuation?
APricing a fund in the wrong currency
BDelaying the NAV report by one day
CRounding NAV to two decimal places
DFraudulently assigning false values
Answer & Solution
Correct answer: D. Fraudulently assigning false values
Mismarking is intentional mispricing of securities that misleads investors about performance.
Keep practising Mutual Funds
Browse all Mutual Funds questions for CA Final, or explore more Strategicfinancialmanagement topics.
Related questions
What risk can arise when an ETF tracks assets using futures and swaps?Replication in an index ETF means doing what?An ETF arbitrage mechanism keeps which two values close?Who creates and redeems ETF shares directly with the issuer in large blocks?How does an ETF share differ from an open-end mutual fund unit?How often are a fund's investments valued for NAV?How many units does a $50,000 investment buy in a no-load fund at NAV of $25?A fund has NAV of $300 million and 2 million units. How many units does a $30 million inve