Question

Use the information in the table below to answer the following question.







Name of Fund

NAV

Offer Price


Upton Group

$18.47

$18.96


Green Energy

$17.29

$18.01


TJH Small-Cap

$18.43

$19.05


WHI Health

$20.96

NL






Trevor buys 80 shares of Upton Group and 70 shares of TJH Small-Cap. What is Trevor’s total investment?

Answer 1

Trevor’s total investment is about  $2850.30

Equation

An equation is an expression used to show the relationship between two or more numbers and variables.

To calculate the investment, the offer price is been used. Hence:

Total investment = (80 * $18.96) + (70 * 19.05) = $2850.30

Trevor’s total investment is about  $2850.30

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