Answered

Rochelle invests in 500 shares of stock in the fund shown below. name of fund nav offer price hat mid-cap $18.94 $19.14 rochelle plans to sell all of her shares when she can profit $6,250. what must the net asset value be in order for rochelle to sell?

A$12.50
B$31.44
C$31.64
D$100.00

Verified Answer :

Edufirst

Data:

Number of shares: 500

name of fund
nav                offer price
hat mid-cap          $18.94           $19.14

Profit $6,250.


1) Investment = number of shares * offer price = 500 * $ 19.14 = $ 9570

2) Total net value = profit +  investment = $6250 + $9570 = $15820

3) NAV = total net value / number of shares = $15820 / 500 = $31.64

Answer: option c: 31.64

abbystoneham10

Answer:

c. $31.64

Step-by-step explanation:

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