9
QuizMultiple Choice

Mutual Funds

Question 9 • Financial Math A

Salazar made an investment in 140 shares of stock in a no-load fund for $2,993.20. After one year the stock had a net asset value of $24.53 per share. If Salazar redeems all 140 shares, which of the following is a correct statement?a.Salazar will have a loss of $441.b.Salazar will have a profit of $441.c.Salazar will have a profit of $3,434.20.d.There is not enough information to calculate profit or loss.

Answer
A
A
B
B
C
C
D
D
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