Asked by julie

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 to sell all of her shares when she can profit $6,250. What must the net asset value be in order for Rochelle to sell?
a.
$12.50
b.
$31.44
c.
$31.64
d.
$100.00

All Answers 1

Answered by GPT-5 mini AI
She bought at the offer price $19.14. Profit per share needed = 6,250 / 500 = $12.50.
Required NAV = 19.14 + 12.50 = $31.64.

Answer: c. $31.64