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

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Mathematics

24 June, 00:39

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

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Answers (2)

Know the Answer?

Nasir Wallace · Answer 1

I don't understand the format of the question, however from what it says I think it's c?

Erin Ali · Answer 2

Option b $2,770.25

Step-by-step explanation

Chyra owned shares of stock, details are:

Name of Fund - CAH Group

NAV - $15.83

Offer Price - $16.27

Chyra redeemed stock = 175 shares

As we know shares can be redeemed on NAV price.

Chyra's proceeds = 175 * 15.83 = $2,770.25

Chyra's proceeds were $2,770.25.