Jason Mathews purchased 300 shares of the Hodge & Mattox Energy fund. Each share cost $14.15. Fifteen

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Jason Mathews purchased 300 shares of the Hodge & Mattox Energy fund. Each share cost $14.15. Fifteen months later, he decided to sell his shares when the share value reached $17.10.

a. What is the amount of his total initial 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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ISBN: 9780077861742

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Authors: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes, Melissa Hart

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Question Posted: Nov 20, 2018 12:10 PM

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Jason Mathews purchased 300 shares of the Hodge & Mattox Energy fund. Each share cost $14.15. Fifteen

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a Mr Mathews total investment is 4245 as illustrated b...View the full answer

Focus On Personal Finance

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