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

Phillipe buys 50 shares of Green Energy and 120 shares of TJH Small-Cap. What is Phillipe’s total investment?
a.
$3,076.10
b.
$3,112.10
c.
$3,150.50
d.
$3,186.50

Answer 1

Use the offer prices (price to buy).

Green Energy: 50 × $18.01 = $900.50
TJH Small‑Cap: 120 × $19.05 = $2,286.00
Total = $900.50 + $2,286.00 = $3,186.50

Answer: d. $3,186.50