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A mutual fund’s net asset value increases by $5 per share. An investor who owns 450 shares of this fund sells them all for a profit of $2,205. What can you conclude about the fund?

Verified Answer :

Kalahira

The total amount of profit that he was able to gain out of his 450
shares is 2,205. In the problem, it states that for ever share he earns
$5 dollars each.in order to derive the total amount of profit he got
from his shares, we multiply 450 shares and $5.
so, 450*5 is equals to $2,205.

stoplyng

Answer:

Its B

Step-by-step explanation:

The fund had a $0.10 per share commission when purchased. ED

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