8
QuizMultiple Choice

Mutual Funds

Question 8 • Financial Math A

An investor buys 400 shares of stock in a fund when the net asset value is $23.79 and the offer price is $23.89. The investor sells these shares when the net asset value is $50.34 and the offer price is $50.46. Determine the amount of profit the investor earns.a.$10,580b.$10,620c.$10,628d.$20,136

Answer
A
A
B
B
C
C
D
D
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