When an investor decides to sell his shares in a Investment Trust Company, to whom are they sold and how are the sale proceeds computed? Question 15 Answer a. Shares are sold on an exchange and the sale price will be the bid price for the shares. b. Shares are sold on an exchange and the sale price will be based on the offer price of the fund's shares. c. The authorised corporate director will buy them. and the sale price will be the bid price for the shares. d. The authorised corporate director will buy them. The sale price will be based on net asset value of the fund less a deduction for the dealing charges