Salazar made an investment in 140 shares of stock in a no-load fund for $2,993.20. After one year the stock had a net asset value of $24.53 per share. If Salazar redeems all 140 shares, which of the following is a correct statement?

Question

Mathematics

Justus Allison

20 April, 07:36

Salazar made an investment in 140 shares of stock in a no-load fund for $2,993.20. After one year the stock had a net asset value of $24.53 per share. If Salazar redeems all 140 shares, which of the following is a correct statement?

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Answers (1)

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Amaya Navarro · Answer 1

To calculate profit (and loss) you find the total of money made (in this case how much was made from the stocks. Then you subbract how much money was put into investing in the stocks. Then you will see if you lost money or gained it.

140 (24.53) = $3434.20

$3434.20-$2993.20=$441

B. Salazar will have a profit of $441