Question

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

Answer 1

Answer:

The answer is A. Have a splendid day fellow students!!!

Step-by-step explanation:

Answer 2

The amount of profit that the investor earned is; A: $10580

How to calculate profit made from stocks?

He bought 400 stocks at an offer price of $23.89.

He sold the stocks at a net asset value of $50.34.

Thus, the profit is calculated from;

400(50.34 - 23.89) = $10,580

Thus, the profit made by the investor on the 400 shares is $10580

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