Get detailed and reliable answers to your questions on IDNLearn.com. Find reliable solutions to your questions quickly and accurately with help from our dedicated community of experts.
Sagot :
The amount of profit the investor earns is 9340 dollars. Then the correct option is D.
What is Algebra?
Algebra is the study of mathematical symbols and the rule involves manipulating these mathematical symbols.
An investor buys 400 shares of stock in a fund when the net asset value is $19.62 and the offer price is $19.84.
The investor sells these shares when the net asset value is $43.19 and the offer price is $43.56.
Then total cost price of the shares will be
→ 19.84 × 400 = $7936
The total selling price of the shares will be
→ 43.19 × 400 = $17,276
Then the profit is the difference between the total cost price of shares and the total selling price of the shares.
→ 17276 - 7936 = $ 9340
More about the Algebra link is given below.
https://brainly.com/question/953809
We are delighted to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is your go-to source for accurate answers. Thanks for stopping by, and come back for more helpful information.
