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?

$31.64

Explanation:

The computation of the net asset value is shown below:

= Total net value ÷ Total outstanding shares

where,

Total net value is

= Number of shares × Offer price + profit

= 500 shares × $19.14 + $6,250

= $9,570 + $6,250

= $15,820

And, the number of outstanding shares is 500

So, the net asset value is

= $15,820 ÷ 500 shares

= $31.64

its kinda hard to answer this when we dont have all the information that we need.

answer; institution;