A mutual fund’s net asset value increases by $5 per share. An investor who owns 450 shares of this fund sells them all for a pro

Question

ale4655 [162]

3 years ago

9

A mutual fund’s net asset value increases by $5 per share. An investor who owns 450 shares of this fund sells them all for a pro

fit of $2,205. What can you conclude about the fund?

Mathematics

1 answer:

kupik [55] · Answer 1 · 2022-03-15T21:31:22+03:00

The total amount of profit that he was able to gain out of his 450 shares is 2,205. In the problem, it states that for ever share he earns $5 dollars each.in order to derive the total amount of profit he got from his shares, we multiply 450 shares and $5.
so, 450*5 is equals to $2,205.