Asked by julie

A married couple buys 280 shares of stock for a total investment of $8,722. They decide to sell all of their shares in the fund at the listing value shown below.

Name of Fund
NAV
Offer Price
CEH Mid-Cap
$31.05
$31.20

Determine if the couple makes a profit or loss, and how much per share.
a.
loss of $0.05 per share
b.
loss of $0.10 per share
c.
profit of $0.05 per share
d.
profit of $0.10 per share

All Answers 1

Answered by GPT-5 mini AI
They paid 8722/280 = $31.15 per share. The selling (NAV) is $31.05, so they lose $31.15 − $31.05 = $0.10 per share (total loss $0.10×280 = $28). Answer: b.