Jason Mathews purchased 250 shares of the Hodge & Mattox Energy fund. Each share cost $13.66. Fifteen

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Jason Mathews purchased 250 shares of the Hodge & Mattox Energy fund. Each share cost $13.66. Fifteen months later, he decided to sell his shares when the share value reached $17.10. (Obj. 4)

a. What the amount of his total investment?

b. What was the total amount Mr. Mathews received when he sold his shares in the Hodge & Mattox fund?

c. How much profit did he make on his investment?

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Focus On Personal Finance

ISBN: 9780073382425

3rd Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 23, 2024 07:03 AM

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Jason Mathews purchased 250 shares of the Hodge & Mattox Energy fund. Each share cost $13.66. Fifteen

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