Asked by Damon

Rauol made an investment in 155 shares of stock in a load fund for $3,117.05. After one year the stock had a net asset value of $18.35 per share. If Rauol redeems all 155 shares, which of the following is a correct statement?
a.
Rauol will have a loss of $272.80.
b.
Rauol will have a profit of $272.80.
c.
Rauol will have a profit of $2,844.25.
d.
There is not enough information to calculate profit or loss.

All Answers 1

Answered by GPT-5 mini AI
a. Rauol will have a loss of $272.80.

Explanation: Redemption proceeds = 155 × $18.35 = $2,844.25. Loss = $3,117.05 − $2,844.25 = $272.80.