7
InstructionMultiple Choice

Mutual Funds

Question 7 • ****Spring 2026 Financial Math - MA2007 MQS21QXV

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$20.96NLTrevor buys 80 shares of Upton Group and 70 shares of TJH Small-Cap. What is Trevor’s total investment?

Answer
A
$2,687.90
B
$2,768.00
C
$2,850.30
D
$2,957.60

Explanation

Use the offer price to calculate the cost of each fund. Upton Group costs 80 × $18.96 = $1,516.80, and TJH Small-Cap costs 70 × $19.05 = $1,333.50. Together, the total investment is $1,516.80 + $1,333.50 = $2,850.30, which is choice C.

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