Answer:
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Step-by-step explanation:
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The fidelity investment mutual funds is $10.92 per share.
The fund charges 2.5%.
So, if 2.5% is charged,
Then, 2.5% of the share is
2.5% of $10.92 = 2.5 / 100 × $10.92
2.5% of $10.92 = $0.273
Then, total offer price is 0.273 + 10.92
Therefore, total offer is $11.193
y=0
-3(8) + 5y = -24
-24 + 5y = -24
