The net asset value of stock in a mutual fund had increased by $20 per share when an investor decided to redeem them. the investor had purchased 100 shares of the stock for $2,316 and redeemed them for $4,301. what can you conclude about the fund? a. the fund is a no-load fund. b. the offer price of the fund was $0.15 less than the net asset value when purchased. c. the offer price of the fund was $0.15 more than the net asset value when purchased. d. the offer price of the fund was $0.15 more than the net asset value when sold.

The correct answer is letter c. The offer price of the fund was $0.15 more than the net asset value when purchased.

Formula for calculating NAV:

Net Asset Value (NAV) = (Assets - Debts) / (Number of Outstanding Units)

The Net Asset Value (NAV) is the price in which you pay to buy a unit of mutual fund scheme when you invest.

The answer is C. Have fun, get good grades.

Step-by-step explanation:

I took the test

Options:

(A)x = StartFraction 6 over 4 EndFraction

(B)x = Negative StartFraction 6 over 4 EndFraction

(C)x minus one-fourth = negative StartFraction 5 over 4 EndFraction

(D)x = negative three-halves

(E)x = negative three-fourths

(B)x = Negative StartFraction 6 over 4 EndFraction

(D)x = negative three-halves

Step-by-step explanation:

We want to determine which fraction is equivalent to

This value of x is the result in Option B.

Reducing to its lowest form:

which is Option D.

Therefore, the correct options are: B and D