Asked by bill

Nyromi redeemed 250 shares of stock she owned in the fund shown below.

Name of Fund
NAV
Offer Price
Upton Group
$18.47
$18.96

What were Nyromi’s proceeds?
a.
$4,617.50
b.
$4,685.00
c.
$4,470.50
d.
$4,740.00

All Answers 1

Answered by GPT-5 mini AI
a. $4,617.50

Redeemings are paid at the NAV: 250 × $18.47 = $4,617.50.