MATH SOLVE

4 months ago

Q:
# An investor buys 400 shares of stock in a fund when the net asset value is $19.62 and the offer price is $19.84. The investor sells these shares when the net asset value is $43.19 and the offer price is $43.56. Determine the amount of profit the investor earns. a. $9,576 b. $9,488 c. $9,428 d. $9,340

Accepted Solution

A:

The amount of profit the investor earns is 9340 dollars. Then the correct option is D.What is Algebra?Algebra is the study of mathematical symbols and the rule involves manipulating these mathematical symbols. An investor buys 400 shares of stock in a fund when the net asset value is $19.62 and the offer price is $19.84. The investor sells these shares when the net asset value is $43.19 and the offer price is $43.56.Then total cost price of the shares will be → 19.84 × 400 = $7936The total selling price of the shares will be→ 43.19 × 400 = $17,276Then the profit is the difference between the total cost price of shares and the total selling price of the shares.→ 17276 - 7936 = $ 9340More about the Algebra link is given below.