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Cloud [144]
2 years ago
7

An investor buys 400 shares of stock in a fund when the net asset value is $19.62 and the offer price is $19.84. the investor se

lls these shares when the net asset value is $43.19 and the offer price is $43.56. determine the amount of profit the investor earns. a. $9,576 b. $9,488 c. $9,428 d. $9,340 please select the best answer from the choices provided a b c d
Mathematics
1 answer:
Oksi-84 [34.3K]2 years ago
4 0

The amount of profit the investor earns is 9340 dollars. Then the correct option is D.

<h3>What is Algebra?</h3>

Algebra is the study of mathematical symbols and the rule involves manipulating these mathematical symbols.

An investor buys 400 shares of stock in a fund when the net asset value is $19.62 and the offer price is $19.84.

The investor sells these shares when the net asset value is $43.19 and the offer price is $43.56.

Then total cost price of the shares will be

→ 19.84 × 400 = $7936

The total selling price of the shares will be

→ 43.19 × 400 = $17,276

Then the profit is the difference between the total cost price of shares and the total selling price of the shares.

→ 17276 - 7936 = $ 9340

More about the Algebra link is given below.

brainly.com/question/953809

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c. See explanation below

Step-by-step explanation:

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b.

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