9
QuizMultiple Choice

Topic Test

Question 9 • Financial Math A

Nezzie invests in 300 shares of stock in the fund shown below.Name of FundNAVOffer PriceLKIT Mid-Cap$16.58$16.99Nezzie 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.$16.67b.$33.25c.$33.57d.$33.66

Answer
A
A
B
B
C
C
D
D
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