Albert opened a mutual fund account with 2500 and then, Ask an Expert

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Albert opened a mutual fund account with $2,500 and then deposited $500 at the end of the next three months. The initial price of a share of the mutual fund was $30, and the ending prices were $20, $35 and $30. How many shares did Albert have after the last purchase?

A: 130.000 shares

B: 133.333 shares

C: 136.274 shares

D: 139.286 shares

E: 142.763 shares

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91727264

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