A mutual fund with 2500 shares, has the following assets an prices at the end of the day on Monday.

An investor sends the fund a check for $15,000. If there is no front-end load, calculate the new number of shares of the mutual fund. Assume the manager purchases 400 shares of stock 3, and the rest is held back

QUESTION 7 A Mutual Fund with 2500 shares, has the following assets and prices at the end of the day on Monday Stock Shares owned Price 1 3,500 $14.55 2. 5,500 $17.74 3 6,500 $20.28 4 2,000 $25.57 An investor sends the fund a check for $15,000. If there is no front-end load, calculate the new number of shares of the mutual fund. Assume the manager purchases 400 shares of stock 3, and the rest is held as cash, 2699 shares 2120 shares 2238 shares 2652 shares 2613 shares