Brian invested a lump sum of $10,000 in a mutual fund with an offer price of $6.03. How many shares did he purchase? (Round to the nearest thousandth)

Name: Brian invested a lump sum of $10,000 in a mutual fund with an offer price of $6.03. How many shares did he purchase? (Round to the nearest thousandth)
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Question

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To find the number of shares purchased, divide the total investment by the offer price: $10,000 / $6.03 = 1,658.375 shares.

Brian Invested a Lump Sum of $10,000 in a Mutual