Question

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Acuve
An investor buys 400 shares of stock in a fund when the net asset value is $23.79 and the offer price is $23.89. The investor
sells these shares when the net asset value is $50.34 and the offer price is $50.46. Determine the amount of profit the investor
earns
a $10 580
b. $10.620
c $10.628
d $20.136
Please select the best answer from the choices provided
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Answer 1

Answer:

I believe the best answer would be A. $10,580

Explanation:

400 x 23.89 = $9,556. 400 x 50.34 = $20,136

$20,136 - $9,556 = $10,580