8
QuizMultiple Choice

Mutual Funds

Question 8 • 26-27 Ignite Financial Literacy Personal Finance - EL3403

Use the information in the table below to answer the following question.Name of FundNAVOffer PriceUpton Group$18.47$18.96Green Energy$17.29$18.01TJH Small-Cap$18.43$19.05WHI Health$20.96NLPhillipe buys 50 shares of Green Energy and 120 shares of TJH Small-Cap. What is Phillipe’s total investment?

Answer
A
$3,076.10
B
$3,112.10
C
$3,150.50
D
$3,186.50

Explanation

Use the offer prices to calculate the purchase cost: 50 × $18.01 = $900.50 for Green Energy, and 120 × $19.05 = $2,286.00 for TJH Small-Cap. Adding them gives $3,186.50, so the total investment is choice D.

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