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

Question

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:

Alborosie · Answer 1 · 2022-06-19T01:14:11+03:00

Alborosie3 years ago

7 0

Answer:

c. $31.64

Step-by-step explanation:

Naddik [55] · Answer 2 · 2022-06-19T00:00:51+03:00

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>