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NARA [144]
3 years ago
11

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
Mathematics
2 answers:
Oxana [17]3 years ago
8 0
Your Answer would be D. $9,340
Vinvika [58]3 years ago
4 0

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.

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A jacket cost $35.50 more than a pair of tennis shoes if the total cost of both items is $161.30 find the cost of each
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Let the cost of tennis shoe be x

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Step-by-step explanation:

The things you need to know and use are ...

  Opposite angles of a parallelogram are congruent.

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(ii) Angles B and D are opposite, so congruent:

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(iii) Angle x is adjacent to angle N, so is supplementary to 70°.

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8 0
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