Answer:
a. $4,617.50
Step-by-step explanation:
Shares are usually a form of ownership in a company. Companies are usually listed on the Stock exchange market, and members of the public can own a percentage in the market capitalisation of the company. Purchase Mandate forms are filled with a broken firm and a sales mandate form is filled to sell any shares in ones portfolio.The broker stands as an intermediary between the client and the Stock market to place orders. With respect to this question,
Nyromi redeemed 250 shares of stock she owned in the fund shown below.
Name of Fund NAV Offer Price
Upton Group $18.47 $18.96
What were Nyromi’s proceeds?
a. $4,617.50
b. $4,685.00
c. $4,470.50
d. $4,740.00
250 shares multiplied by NAV price
18.47*250 will be Nyromi's proceeds
$4,617.50 from Upton Group
