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Almost a year ago, George Jetson, from Orbit City, Texas, invested $ 1 , 4 0 0 by buying 1 4 0 shares of the
Almost a year ago, George Jetson, from Orbit City, Texas, invested $ by buying shares of the Can't Lose Mutual Fund, an aggressive growth noload mutual fund. George reinvested his dividends, so he now has shares. So far, the NAV for George's investment has risen from $ per share to $
What is the percentage increase in the NAV of George's mutual fund? Round your answer to one decimal place.
If George redeemed the first shares of his mutual fund investment for $ per share, what would be his capital gain over the amount invested? Round your answer to the nearest dollar.
$
Assuming George pays income taxes at the percent combined state and federal rate, how much income tax will he have to pay if he sells those first shares? George has owned the shares for less than a year. Round your answer to the nearest cent.
$
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