Amutual fund’s net asset value increases by $5 per share. an investor who owns 450 shares of this fund sells them all for a profit of $2,205. what can you conclude about the fund? a. the fund is a no-load fund. b. the fund had a $0.10 per share commission when purchased. c. the fund had a $1.00 per share commission when purchased. d. the fund had a $0.10 per share commission when sold.

b. The fund had a $0.10 per share commission when purchased

Explanation:

For computing the net asset value, we have to find out the selling value which equals to

= Number of shares sold × price per share

= 450 shares × $5

= $2250

And, the profit = $2,205

So, the difference would be

= $2,250 - $2,205

= $45

Now the price per share after considering the difference would be

= Difference ÷ number of shares

= $45 ÷ 450

= 0.10 per share

The fund has 0.10 per share commission at the time of purchase

answer; the correct answer is (direct foreign investment);