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You Own 600 Units of a Fund with a Current

question 49

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You own 600 units of a fund with a current NAV of $14.36.Your portion of the fund distributions is $718.00 of dividends,capital gains,and interest earnings.What will be your total units now?


Definitions:

Lichen

A compound organism consisting of one or more symbiotic fungi and an alga or cyanobacterium.

Fungus

A kingdom of spore-producing organisms that feeds on organic matter, including molds, yeast, mushrooms, and toadstools.

Photoautotroph

Organisms that carry out photosynthesis, using light energy to synthesize organic compounds from inorganic substances.

Sac Fungi

A group of fungi belonging to the Ascomycota Phylum, characterized by the production of spores in special structures called asci.

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