Nezzie invests in 300 shares of stock in the fund shown below.Name of FundNAVOffer PriceLKIT Mid-Cap$16.58$16.99Nezzie plans to sell all of her shares when she can profit $5,000. What must the net asset value be in order for Nezzie to sell?

Nezzie buys the shares at the offer price of $16.99 each, so her total cost is 300 × $16.99 = $5,097. To make a $5,000 profit, she must receive $10,097 when selling. Dividing by 300 shares gives a required net asset value of about $33.66, so the correct choice is $33.66.

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