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An investor purchases $ 2 5 , 0 0 0 in mutual fund units on January 1 st . On April 1 st , he

An investor purchases $25,000 in mutual fund units on January 1st. On April 1st, he receives $580 in dividends and reinvests them in additional units. On July 1st, he purchases an additional $5,000 in units. As of September 1st, he holds a total of 2,200 units. If he redeems 1,000 units at a price of $32 on September 2nd, and assuming no other transactions have occurred, what is the book (cost) value of the remaining units?
Question 3 options:
$13,900
$16,680
$22,935
$32,580

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