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Bond [772]
4 years ago
15

Chyra redeemed 175 shares of stock she owned in the fund shown below. Name of Fund NAV Offer Price CAH Group $15.83 $16.27 What

were Chyra’s proceeds? a. $77.00 b. $2,770.25 c. $2,847.25 d. $5,617.50
Mathematics
1 answer:
spin [16.1K]4 years ago
4 0

Answer:

Option b $2,770.25

Step-by-step explanation

Chyra owned shares of stock, details are :

Name of Fund - CAH Group

NAV - $15.83

Offer Price - $16.27

Chyra redeemed stock = 175 shares

As we know shares can be redeemed on NAV price.

Chyra's proceeds = 175 × 15.83 = $2,770.25

Chyra's proceeds were $2,770.25.

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