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What Is Fair Value Pricing For Mutual Funds?

FYI: Most investors understand that a mutual fund’s net asset value (NAV) reflects the total value of the portfolio based on the most recent share prices available. But what if some of those share prices are stale and don’t necessarily reflect the current value of the security?
Regards,
Ted
http://mutualfunds.com/education/what-is-fair-value-pricing-for-mutual-funds/
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