Two years ago Jane invested $1000 by buying 125 shares of the no-load Can't Lose Mutual Fund

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Two years ago Jane invested $1000 by buying 125 shares of the no-load Can't Lose Mutual Fund at $8/share. Last year she made two additional purchases of $500 each, 50 shares at $10/share and 40 shares at $12.50/share. She reinvested all dividends. So far, the NAV for her investment has risen from $8/share to $13.25/share. Late in the year she sold 60 shares at $13.25. What were the proceeds from her sale of the 60 shares?

Posted Date: Jun 10, 2024 02:08 AM

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Two years ago Jane invested $1000 by buying 125 shares of the no-load Can't Lose Mutual Fund

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