Question

Use the information in the table below to answer the following question.

Name of Fund
NAV
Offer Price
Upton Group
$18.47
$18.96
Green Energy
$17.29
$18.01
TJH Small-Cap
$18.43
$19.05
WHI Health
$20.96
NL

Trevor buys 80 shares of Upton Group and 70 shares of TJH Small-Cap. What is Trevor’s total investment?
a.
$2,687.90
b.
$2,768.00
c.
$2,850.30
d.
$2,957.60

Answer 1

Trevor pays the offer prices.
Upton Group: 80 × $18.96 = $1,516.80
TJH Small-Cap: 70 × $19.05 = $1,333.50
Total = $1,516.80 + $1,333.50 = $2,850.30 → (c)