A married couple buys 280 shares of stock for a total investment of 8,722 . They decide to sell all of the fund at the listing value shown below. Name of Fund & NAV & Offer Price CEH Mid-Cap & 31.05 & 31.20 Determine if the couple makes a profit or loss, and how much per share. a. loss of 0.05 per share b. loss of 0.10 per share c. profit of 0.05 per share d. profit of 0.10 per share Please select the best answer from the choices provided A B

## Step 1: Calculate Purchase Price per Share### Divide the total investment by the number of shares: .## Step 2: Compare Selling Price to Purchase Price### The NAV (Net Asset Value) is . Determine the profit or loss per share by subtracting this from the purchase price: .