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Use the information in the table below to answer the following question.

\begin{tabular}{|c|c|c|}
\hline
Name of Fund & NAV & Offer Price \\
\hline
Upton Group & \[tex]$18.47 & \$[/tex]18.96 \\
\hline
Green Energy & \[tex]$17.29 & \$[/tex]18.01 \\
\hline
TJH Small-Cap & \[tex]$18.43 & \$[/tex]19.05 \\
\hline
WHI Health & \[tex]$20.96 & $[/tex]NL[tex]$ \\
\hline
\end{tabular}

Phillipe buys 50 shares of Green Energy and 120 shares of TJH Small-Cap. What is Phillipe's total investment?

A. \$[/tex]3,076.10
B. \[tex]$3,112.10
C. \$[/tex]3,150.50
D. \$3,186.50



Answer :

GinnyAnswer
Let's break down Phillipe's total investment step-by-step.

First, we'll find the cost of each share of Green Energy and TJH Small-Cap, and then calculate the total cost of the shares Phillipe buys.

1. Green Energy Investment:
- Offer Price: \[tex]$18.01 per share - Number of Shares: 50 - Total Investment in Green Energy: \[ 50 \, \text{shares} \times \$[/tex]18.01 \, \text{per share} = \[tex]$900.50 \] 2. TJH Small-Cap Investment: - Offer Price: \$[/tex]19.05 per share
- Number of Shares: 120
- Total Investment in TJH Small-Cap:
[tex]\[ 120 \, \text{shares} \times \$19.05 \, \text{per share} = \$2286.00 \][/tex]

3. Total Investment:
- Sum of investments in Green Energy and TJH Small-Cap:
[tex]\[ \$900.50 + \$2286.00 = \$3186.50 \][/tex]

Therefore, Phillipe's total investment is:
[tex]\[ (d) \$3186.50 \][/tex]

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