The net asset value of stock in a mutual fund had increased by $20 per share when an investor decided to redeem them. The investor had purchased 100 shares of the stock for $2,316 and redeemed them for $4,301. What can you conclude about the fund? a. The fund is a no-load fund. b. The offer price of the fund was $0.15 less than the net asset value when purchased. c. The offer price of the fund was $0.15 more than the net asset value when purchased. d. The offer price of the fund was $0.15 more than the net asset value when sold.
