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Jason Mathews purchased 400 shares of the Hodge & Mattox Energy Fund. Each share cost $14.15. Fifteen months later, he decided to sell his shares
Jason Mathews purchased 400 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 $16.90. |
a. | What the amount of his total investment? (Round your answer to 2 decimal places.) |
Total investment | $ |
b. | What was the total amount Mr. Mathews received when he sold his shares in the Hodge & Mattox fund? |
Sale proceeds | $ |
c. | How much profit did he make on his investment? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
Profit | $ |
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