Question

Nezzie invests in 300 shares of stock in the fund shown below. name of fund nav offer price lkit mid-cap $16.58 $16.99 nezzie plans to sell all of her shares when she can profit $5,000. what must the net asset value be in order for nezzie to sell? a. $16.67 b. $33.25 c. $33.57 d. $33.66

Answer 1

The value of net asset to be in order for Nezzie to sell all of her shares when she can profit $5,000 is $33.66.

How to find the net asset value?

The net asset value is the difference of total asset value of the company to the total liabilities value of that company.

Nezzie invests in 300 shares of stock in the fund shown below. Name of fund nav offer price lkit mid-cap $16.58 $16.99.

Nezzie plans to sell all of her 300 shares of stock when she can profit $5,000.

To find the net asset for this case, divide the profit with the number of shares and the higher price in that.

$\rm Net Asset=\dfrac{5000}{300}+16.99\\\rm Net Asset=33.66$

Thus, the value of net asset to be in order for Nezzie to sell all of her shares when she can profit $5,000 is $33.66.

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