Rauol made an investment in 155 shares of stock in a load fund for $3,117.05. After one year the stock had a net asset value of $18.35 per share. If Rauol redeems all 155 shares, which of the following is a correct statement?
a.Rauol will have a loss of $272.80.
b.Rauol will have a profit of $272.80.
c.Rauol will have a profit of $2,844.25.
d.There is not enough information to calculate profit or loss.