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Wittaler [7]
3 years ago
12

Rochelle invests in 500 shares of stock in the fund shown below. name of fund nav offer price hat mid-cap $18.94 $19.14 rochelle

plans to sell all of her shares when she can profit $6,250. what must the net asset value be in order for rochelle to sell?
a. $12.50
b. $31.44
c. $31.64
d. $100.00
Mathematics
2 answers:
Alborosie3 years ago
7 0

Answer:

c. $31.64

Step-by-step explanation:

Naddik [55]3 years ago
5 0
Data:

<span>Number of shares: 500

name of fund       nav                offer price
hat mid-cap          $18.94           $19.14

Profit $6,250.


1) Investment = number of shares * offer price = <em />500 * $ 19.14 = $ 9570

2) Total net value = profit +  investment = $6250 + $9570 = $15820

3) NAV = total net value / number of shares = $15820 / 500 = $31.64

Answer: option c: 31.64
</span>
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We want to know the probability that X is between 0.64*1850 = 1184 and 0.66*1850 = 1221 (that is, the percentage is between 64 and 66). In order to calculate this, we standarize X so that we can work with a standard normal random variable W ≈ N(0,1). The standarization is obtained by substracting the mean from X and dividing the result by the standard deviation, in other words

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The values of the cummulative function of the standard normal variable W, which we will denote \phi are tabulated and they can be found in the attached file.

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Therefore, the probability that Polly's Sample will give a result within 1% of the value 65% is 0.6424.

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