Question

Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15. Fifteen months later, he decide
0 0
Add a comment Improve this question Transcribed image text
Answer #1

$454 Total nvestment No. af shorepunr hared 3dro Cost af Each Share To tal muertmant 13, 1S 30ox15.15 $4545 1 Sale Proceech N

Add a comment
Know the answer?
Add Answer to:
Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Jason Mathews purchased 350 shares of the Hodge & Mattox Energy Fund. Each share cost $14.20....

    Jason Mathews purchased 350 shares of the Hodge & Mattox Energy Fund. Each share cost $14.20. Fifteen months later, he decided to sell his shares when the share value reached $17.00. a. What was the amount of his total investment? b. What was the total amount Jason received when he sold his shares in the Hodge & Mattox fund? c. How much profit did he make on his investment?

  • On November 10, 2017, Marvin purchased 2,000 shares in a mutual fund called Wootwoot Growth Inc....

    On November 10, 2017, Marvin purchased 2,000 shares in a mutual fund called Wootwoot Growth Inc. for $10.50/share. The markets did well, as did his investment. He however decided to sell as he heard there was some insider trading issues. He was concerned that the stock price would go down. He sold all the shares on November 21, 2019 when the share price was at $16.75/share. His investment broker however advised him not to sell (especially as the fund was...

  • Assume you just purchased 300 shares of Home Depot at $47.33 per share, and 50 percent...

    Assume you just purchased 300 shares of Home Depot at $47.33 per share, and 50 percent of this was purchased on the margin." a. Determine your contribution to this transaction: Total cost Amount borrowed Contribution b. What would happen to your investment if the price of Home Depot stock rose to $61.58 per share ignoring any possible dividends)? Total value Loan Margin What was your profit? c. What would happen to your investment if the price of Home Depot stock...

  • Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter...

    Yost received 300 NQOs (each option gives Yost the right to purchase 10 shares of Cutter Corporation stock for $16 per share) at the time he started working for Cutter Corporation three years ago. Cutter’s stock price was $16 per share. Yost exercised all of his options when the share price was $24 per share. Two years after acquiring the shares, he sold them at $50 per share. (Input all amounts as positive values. Leave no answer blank. Enter zero...

  • can be obtained at an An investor buys 300 shares o stock seling a $76 per...

    can be obtained at an An investor buys 300 shares o stock seling a $76 per share using a margin 0155%. The stock pays annual dividends o $3.00 per share. A margin loan months, What is the annualized rate of return on this transaction? annual interest cost o 8.5%. Determine what return on Invested capital the investor wil realize i he price o he stock increases to $11 within s If the price of the stock increases to $111 within...

  • 10. Stock Transaction Program 18pts Last month Joe purchased some stock in Acme Software, Inc. Here...

    10. Stock Transaction Program 18pts Last month Joe purchased some stock in Acme Software, Inc. Here are the details of the purchase: • The number of shares that Joe purchased was 1,000. • When Joe purchased the stock, he paid $32.87 per share. • Joe paid his stockbroker a commission that amounted to 2 percent of the amount he paid for the stock. Two weeks later Joe sold the stock. Here are the details of the sale: • The number...

  • Problem Statement Last month Tian purchased some stock in Acme Software, Inc. Here are the details...

    Problem Statement Last month Tian purchased some stock in Acme Software, Inc. Here are the details of the purchase:  The number of shares that Tian purchased was 1,000  When Tian purchased the stock, he paid $33.92 per share  Tian paid his stockbroker a commission that amounted to 2% of the amount he paid for the stock. One week later, Tian sold the stock. Here are the details of the sale: The number of shares sold was 1,000...

  • Please use C++ only CSIT163 Project 1 - Taking Stock Recently, Joe Btfsplk purchased some stock...

    Please use C++ only CSIT163 Project 1 - Taking Stock Recently, Joe Btfsplk purchased some stock in Acme Software, Inc. The details of the purchase are as follows: • 1,000 shares at $32.87 per share. • The stockbroker received $5 dollars plus a commission of 2% of the total purchase. Should he decide to sell, the stockbroker receives $5 dollars plus a commission of 2% of the total sale. Feeling jittery, Joe is considering selling the stock. The only thing...

  • Richard was a computer engineer working for a payroll outsourcing company. His professional knowledge led him...

    Richard was a computer engineer working for a payroll outsourcing company. His professional knowledge led him to believe that a small-cap firm specializing in developing new AI technology for warehousing had great potential. Richard withdrew all his savings of $38,000 and opened a margin account with a local brokerage company. The initial and maintenance margin requirements for that account were 50% and 30% respectively, and the call-money interest rate for the margin loan was 9%. Richard decided to maximize his...

  • please can you solve for all these questions but the right answers because I dont have...

    please can you solve for all these questions but the right answers because I dont have anymore remaining please a) What is the market cap? b) What are the earnings per share? (TTM after EPS stands for "trailing twelve months", i.e. their reported earnings per share for the last 12 month period) c) What is their PE ratio? Click on the "Chart" menu item. Click on the "18" option to get a chart of stock prices for the last year....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT