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Anthony purchased 500 units of XYZ Fund at a price of $12.

Anthony purchased 500 units of XYZ Fund at a price of $12.00 per unit. Near the end of the year, the mutual fund made a distribution of $1.50 per unit. The net asset value per unit (NAVPU) immediately before the distribution was $16.50. Anthony immediately reinvested his distribution at the new NAVPU. How many new units did Anthony purchase when his distribution was reinvested?

A.

45.50

B.

50.00

C.

52.60

D.

55.40

IFSE Institute CIFC Summary

  • Vendor: IFSE Institute
  • Product: CIFC
  • Update on: Aug 2, 2025
  • Questions: 224
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