Answer:
The current value of the client's Drake fund investment is $13,500
Step-by-step explanation:
In this question, we are tasked with calculating the current value of the Client's Drake Fund investment.
To calculate this, what we need to do is to use a mathematically derived formula.
Mathematically, The current value of the fund investment = Number of shares owned by the client × price per share
From the question, we identify that the number of shares owned by the client is 1000 while the price per share is $13.50
We plug these values into the equation above to yield;
Current value of fund investment = 1000 × $13.5 = $13,500
