At Westonci.ca, we provide reliable answers to your questions from a community of experts. Start exploring today! Get immediate and reliable answers to your questions from a community of experienced experts on our platform. Discover in-depth answers to your questions from a wide network of professionals on our user-friendly Q&A platform.
Sagot :
To determine Nyromi's proceeds from redeeming her 250 shares, follow these steps:
1. Identify the Net Asset Value (NAV):
The NAV, which is the price at which the shares are redeemed, is given as \[tex]$18.47 per share. 2. Determine the number of shares redeemed: Nyromi is redeeming 250 shares. 3. Calculate the total proceeds: To find the total proceeds, multiply the NAV by the number of shares redeemed: \[ \text{Proceeds} = \text{NAV} \times \text{Number of Shares} = 18.47 \times 250 \] 4. Execute the multiplication: \[ 18.47 \times 250 = 4617.50 \] 5. Select the correct answer: Comparing the calculated proceeds with the given choices: a. \$[/tex]4,617.50
b. \[tex]$4,685.00 c. \$[/tex]4,470.50
d. \[tex]$4,740.00 The calculated proceeds, \$[/tex]4,617.50, match option (a).
Therefore, the best answer is:
a. \$4,617.50
1. Identify the Net Asset Value (NAV):
The NAV, which is the price at which the shares are redeemed, is given as \[tex]$18.47 per share. 2. Determine the number of shares redeemed: Nyromi is redeeming 250 shares. 3. Calculate the total proceeds: To find the total proceeds, multiply the NAV by the number of shares redeemed: \[ \text{Proceeds} = \text{NAV} \times \text{Number of Shares} = 18.47 \times 250 \] 4. Execute the multiplication: \[ 18.47 \times 250 = 4617.50 \] 5. Select the correct answer: Comparing the calculated proceeds with the given choices: a. \$[/tex]4,617.50
b. \[tex]$4,685.00 c. \$[/tex]4,470.50
d. \[tex]$4,740.00 The calculated proceeds, \$[/tex]4,617.50, match option (a).
Therefore, the best answer is:
a. \$4,617.50
We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We hope this was helpful. Please come back whenever you need more information or answers to your queries. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.