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Two years ago, Izabella Martinez, from Atlanta, Georgia, invested $ 1 , 2 0 0 by buying 1 5 0 shares ( $ 8 per
Two years ago, Izabella Martinez, from Atlanta, Georgia, invested $ by buying shares $ per share NAV in the Can't Lose Mutual Fund, an aggressive growth noload mutual fund. Last year, she made two additional investments of $ each shares at $ and shares at $ Izabella reinvested all of her dividends. So far, the NAV for her investment has risen from $ per share to $ Late in the year, she sold shares at $
What were the proceeds from Izabella's sale of the shares? Round your answer to the nearest dollar.
$
Investors can use the Internal Revenue Service's "averagecost basis method" to determine the average price paid for one share. Begin by calculating the average price paid for the shares. In this instance, the $ is divided by shares shares shares shares What was the average price paid by Izabella? Round your answer to the nearest cent.
$
To finally determine the averagecost basis of shares sold, you multiply the average price per share times the number of shares soldin this case, What is the total cost basis for Izabella's shares? Round your answer to the nearest dollar.
$
Assuming that Izabella has to pay income taxes on the difference between the sales price for the shares and their cost, how much is this difference? Round your answer to the nearest dollar.
$
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