Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU was P107.81. How much would Jam have received if he made a full redemption? Assume that the fund has neither front nor back load. O P514,606.21 O P511,074.16 OP514,605.16 O P411,684.97

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU
was P107.81. How much would Jam have received if he made a full redemption? Assume that the fund has neither front nor back
load.
P514,606.21
P511,074.16
P514,605.16
P411,684.97
Transcribed Image Text:Jam invested P500,000 in BPI Philippine Equity Index Fund on Aug 6, 2019 at a NAVPU of P104.75. On Sep 13, 2019, the NAVPU was P107.81. How much would Jam have received if he made a full redemption? Assume that the fund has neither front nor back load. P514,606.21 P511,074.16 P514,605.16 P411,684.97
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