This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and CFP designation. He is passionate about opening up information to help everyone prepare better for financial certification exams. This episode covers content for the SIE Exam.

In this episode you will learn:

- The definition of an open-end investment company and how it differs from other securities.

- How to calculate a mutual fund's Net Asset Value (NAV).

- The concept of forward pricing and its application to all mutual fund transactions.

- The difference between the Public Offering Price (POP) for purchases and the NAV for redemptions.

- Common exam traps, such as timing of pricing and the distinction between NAV and POP.

For more resources visit https://open-exam-prep.com/ and connect on LinkedIn at https://linkedin.com/in/chenran818