Question

You are a financial advisor with a client who purchased 100 shares of stock in a fund with a net asset value of $21.30 and an offer price of $21.45. Your client wants to make $20 per share on the stock when it is sold. The client calls you to find out why you have not sold the shares today, because they saw the stock listed with a net asset value of $41.30 and an offer price of $41.45. Explain to your client why you have not sold the shares.​

Answer 1

Answer:

You followed through on the offer cost of $21.45 per share for your stock, and you can sell it for its net resource estimation of $41.30 per share. That is a benefit of just $19.85 per share, which isn't the $20 per share you need to get.

Step-by-step explanation:

Sorry for the late answer my guy.