Nyromi redeemed 250 shares of stock she owned in the fund shown below.Name of FundNAVOffer PriceUpton Group$18.47$18.96What were Nyromi’s proceeds?

When an investor redeems (sells back) mutual fund shares, the proceeds are calculated using the fund’s NAV. Multiply 250 shares by $18.47 per share: 250 × $18.47 = $4,617.50. Therefore, the proceeds are $4,617.50, choice A.

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