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Two years ago, you invested $1,000 by buying 125 shares ($8 per share NAV) in the Viking Mutual Fund, an aggressive growth, no-load mutual fund.
Two years ago, you invested $1,000 by buying 125 shares ($8 per share NAV) in the Viking Mutual Fund, an aggressive growth, no-load mutual fund. Last year, you added to your fund by doing two investments of $500 each (50 shares at $10 and 40 shares at $12.50). You reinvested all of your dividends so you could take advantage of compounding which you learned in chapter 2. So far, the NAV/share for your investment has risen from $8 per share to $13.25. What were the proceeds from your sale of the 60 shares? Type your answer here Round to the nearest cent. DO NOT INCLUDE COMMAS OR $. Hint Current Price x Shares Sold
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