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Category > Business & Finance Posted 28 May 2017 My Price 5.00

Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund

Jason Mathews purchased 300 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 $17.10.

 

a. What was the amount of his total investment?

b. What was the total amount Mr. Mathews received when he sold his shares in the Hodge & Mattox fund?

c. How much profit did he make on his investment?

 

Answers

(8)
Status NEW Posted 28 May 2017 10:05 AM My Price 5.00

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file 1495967108-Answer.docx preview (107 words )
J-----------aso-----------n M-----------ath-----------ews----------- pu-----------rch-----------ase-----------d 3-----------00 -----------sha-----------res----------- of----------- th-----------e H-----------odg-----------e &-----------amp-----------;am-----------p; -----------Mat-----------tox----------- En-----------erg-----------y F-----------und-----------. E-----------ach----------- sh-----------are----------- co-----------st -----------$14-----------.15-----------. F-----------ift-----------een----------- mo-----------nth-----------s l-----------ate-----------r, -----------he -----------dec-----------ide-----------d t-----------o s-----------ell----------- hi-----------s s-----------har-----------es -----------whe-----------n t-----------he -----------sha-----------re -----------val-----------ue -----------rea-----------che-----------d $-----------17.-----------10.----------- a-----------. W-----------hat----------- wa-----------s t-----------he -----------amo-----------unt----------- of----------- hi-----------s t-----------ota-----------l i-----------nve-----------stm-----------ent-----------? -----------b. -----------Wha-----------t w-----------as -----------the----------- to-----------tal----------- am-----------oun-----------t M-----------r. -----------Mat-----------hew-----------s r-----------ece-----------ive-----------d w-----------hen----------- he----------- so-----------ld -----------his----------- sh-----------are-----------s i-----------n t-----------he -----------Hod-----------ge -----------&am-----------p;a-----------mp;----------- Ma-----------tto-----------x f-----------und-----------? -----------c. -----------How----------- mu-----------ch -----------pro-----------fit----------- di-----------d h-----------e m-----------ake----------- on----------- hi-----------s i-----------nve-----------stm-----------ent-----------? -----------  ----------- So-----------lut-----------ion-----------: ----------- No-----------. o-----------f s-----------har-----------es
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