Rochelle invests in 500 shares of stock in the fund shown below. name of fund nav offer price hat mid-cap $18.94 $19.14 rochelle plans to sell all of her shares when she can profit $6,250. what must the net asset value be in order for rochelle to sell?

a. $12.50

b. $31.44

c. $31.64

d. $100.00

dа ta:

Number of shares: 500

name of fund nav offer price

hat mid-cap $18.94 $19.14

Profit $6,250.

1) Investment = number of shares * offer price = 500 * $ 19.14 = $ 9570

2) Total net value = profit + investment = $6250 + $9570 = $15820

3) NAV = total net value / number of shares = $15820 / 500 = $31.64

Answer: option c: 31.64