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QUESTION 10 1 A Mutual Fund with 2500 shares, has the following assets and prices at the end of the day on Monday Stock Shares

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QUESTION 10 1 A Mutual Fund with 2500 shares, has the following assets and prices at the end of the day on Monday Stock Shares owned Price 2,500 $14.55 2 3,500 $15.72 3 5.500 $20 28 4 2.000 $21.84 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 O 2613 shares 2699 shares O 2238 shares O 2120 shares 2652 shares

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