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Scenario: Suppose that at the start of the day an open-ended mutual fund is holding 1500 shares of Tesla at $291.90 per share, 3,000 shares

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Scenario: Suppose that at the start of the day an open-ended mutual fund is holding 1500 shares of Tesla at $291.90 per share, 3,000 shares of Starbucks at $70.62 per share, 2,500 shares of Chipotle at $599.09 per share, and 500 shares of Costco at $214.50 per share. There are 100,000 shares of the mutual fund outstanding. Suppose 2,000 new shares of the mutual fund are purchased during the day. The mutual fund manager invests all of the new money in Ulta at $10 per share. How many shares of Ulta does the fund manager purchase? O 2,306 shares 8 shares O 4,510 shares O 20 shares

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