Answer:
Option d. Investor earns profit of $9,340.
Step-by-step explanation:
An investor buys stock in a fund = 400 shares
Net Asset Value (NAV) = $19.62
Offer Price = $19.84
Total cost price of shares = 19.84 × 400 = $7936.00
He sells these shares when
Net Asset Value (NAV) = $43.19
Offer Price = $43.56
Total selling price of shares = 400 × 43.19 = $17,276.00
Total profit = 17,276 -7,936 = $9,340.00
Investor earns profit of $9,340.
