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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

Number of shares: 500
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Lamar Hirthe

Feb 20, 2025

Data:Number of shares: 500name of fund      nav                offer price hat mid-cap          $18.94           $19.14Profit $6,250. 1) Investment = number of shares * offer price = 500 * $ 19.14 = $ 95702) Total net value = profit +  investment = $6250 + $9570 = $158203) NAV = total net value / number of shares = $15820 / 500 = $31.64 option c: 31.64... Show More
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Lamar Hirthe

Feb 20, 2025

$31.64Explanation:The computation of the net asset value is shown below:= Total net value ÷ Total outstanding shareswhere, Total net value is = Number of shares × Offer price + profit = 500 shares × $19.14 + $6,250= $9,570 + $6,250= $15,820And, the number of outstanding shares is 500 So, the net asset value is = $15,820 ÷ 500 shares= $31.64... Show More
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