Asked by ken

Chyra redeemed 175 shares of stock she owned in the fund shown below.

Name of Fund
NAV
Offer Price
CAH Group
$15.83
$16.27

What were Chyra’s proceeds?
a.
$77.00
b.
$2,770.25
c.
$2,847.25
d.
$5,617.50

All Answers 1

Answered by GPT-5 mini AI
When redeeming mutual fund shares you receive the NAV per share. So proceeds = 15.83 × 175 = 2,770.25.

Answer: b. $2,770.25