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?
Homework Answers
a. Total Investment = Purchase Price x No of shares = 14.2 x 350 = 4970
b. Sales Amount = Sale Price x No of shares = 17 x 350 = 5950
c. Profit = Total Investment - Sales amount = 980
Add Answer to:
Jason Mathews purchased 350 shares of the Hodge & Mattox
Energy Fund. Each share cost $14.20....
Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15....
Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15. Fifteen months later, he decide to sell his shares when the share value reached $18.10. a. What is the amount of his total initial investment? Total investment b. What was the total amount Jason received when he sold his shares in the Hodge & Mattox fund? Sale proceeds c. How much profit did he make on his investment? Profit
Jason purchased a mutual fund at NAV of $30.00 and it was redeemed 8 months later...
Jason purchased a mutual fund at NAV of $30.00 and it was redeemed 8 months later at $35.00. During the time he owned the fund, he received a capital gains distribution of $2.00/share. What is his holding period return?
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...
three years ago James Madison bought 200 shares of a mutual fund $23 a share 23....
three years ago James Madison bought 200 shares of a mutual
fund $23 a share 23. He receive total income dividends of $.92 per
share he also receive total capital gain distributions of $.80 per
share during a three-year period at the end of three years he sold
his shares for $29 a share what was the total return for this
investment
Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the...
Assume that one year ago you bought 90 shares of a mutual fund for $18 per...
Assume that one year ago you bought 90 shares of a mutual fund for $18 per share, you received a capital gain distribution of $0.38 per share during the past 12 months, and the market value of the fund is now $23. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.) Total Dollar Return:
Assume that one year ago, you bought 130 shares of a mutual fund for $27 per...
Assume that one year ago, you bought 130 shares of a mutual fund for $27 per share and that you received an income dividend of $0.12 cents per share and a capital gain distribution of $0.22 cents per share during the past 12 months. Also assume the market value of the fund is now $24 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign....
Tammy Jackson purchased 119 shares of All-American Manufacturing Company stock at $34.10 a share. One year...
Tammy Jackson purchased 119 shares of All-American Manufacturing Company stock at $34.10 a share. One year later, she sold the stock for $41 a share. She paid her broker a $29 commission when she purchased the stock and a $52 commission when she sold it. During the 12 months she owned the stock, she received $225 in dividends. Calculate Tammy’s total return on this investment. (Round all intermediate calculations and final answer to the nearest whole number)
Tammy Jackson purchased 106 shares of All-American Manufacturing Company stock at $39.30 a share. One year...
Tammy Jackson purchased 106 shares of All-American Manufacturing Company stock at $39.30 a share. One year later, she sold the stock for $45 a share. She paid her broker a $33 commission when she purchased the stock and a $48 commission when she sold it. During the 12 months she owned the stock, she received $162 in dividends. Calculate Tammy’s total return on this investment. (Round all intermediate calculations and final answer to the nearest whole number.)
Tammy Jackson purchased 155 shares of All-American Manufacturing Company stock at $32.80 a share. One year...
Tammy Jackson purchased 155 shares of All-American Manufacturing Company stock at $32.80 a share. One year later, she sold the stock for $40 a share. She paid her broker a $37 commission when she purchased the stock and a $48 commission when she sold During the 12 months she owned the stock, she received $203 in dividends. Calculate Tammy's total return on this investment. (Round all intermediate calculations and final answer to the nearest whole number.) 10 points Total retum...
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...
Jason Mathews purchased 300 shares of the Hodge & Mattox Energy Fund. Each share cost $15.15. Fifteen months later, he decide to sell his shares when the share value reached $18.10. a. What is the amount of his total initial investment? Total investment b. What was the total amount Jason received when he sold his shares in the Hodge & Mattox fund? Sale proceeds c. How much profit did he make on his investment? Profit
three years ago James Madison bought 200 shares of a mutual
fund $23 a share 23. He receive total income dividends of $.92 per
share he also receive total capital gain distributions of $.80 per
share during a three-year period at the end of three years he sold
his shares for $29 a share what was the total return for this
investment
Three years ago, James Matheson bought 200 shares of a mutual fund for $23 a share. During the...
Assume that one year ago, you bought 130 shares of a mutual fund for $27 per share and that you received an income dividend of $0.12 cents per share and a capital gain distribution of $0.22 cents per share during the past 12 months. Also assume the market value of the fund is now $24 a share. Calculate the total return for this investment if you were to sell it now. (Negative amount should be indicated by a minus sign....
Tammy Jackson purchased 155 shares of All-American Manufacturing Company stock at $32.80 a share. One year later, she sold the stock for $40 a share. She paid her broker a $37 commission when she purchased the stock and a $48 commission when she sold During the 12 months she owned the stock, she received $203 in dividends. Calculate Tammy's total return on this investment. (Round all intermediate calculations and final answer to the nearest whole number.) 10 points Total retum...
Most questions answered within 3 hours.
-
Most political philosophers believe we have a duty to obey laws,
even if the laws in...
asked 3 minutes ago -
Which of the following are common negotiation outcome
mistakes?
a. Leave money on the table b....
asked 17 minutes ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 24 minutes ago -
Convert the following quantities:
a) 0.819 atm to torr b) 512 mmHg to bar c) 11.2...
asked 43 minutes ago -
C ++ Implement cat command
The purpose of this assignment is to provide practice using the...
asked 45 minutes ago -
we
convert sugars into another form of stored potential energy. This
is called?
asked 1 hour ago -
The manufacturers of Oriental Spice Sauce are concerned that the
sodium levels in their product vary...
asked 2 hours ago -
PLEASE DON'T ANSWER IF YOU CAN'T ANSWER ALL OF THE QUESTIONS. I
DESPERATELY NEED HELP
Consider...
asked 2 hours ago -
DO NOT ANSWER IF YOU ARE UNSKILLED IN THIS AREA! TYPE OR WRITE
EACH ANSWER CLEARLY!!...
asked 2 hours ago -
how many moles of sodium are there in 3.41 moles of the
following compounds
NaCl
Na2SO4...
asked 2 hours ago -
1.1: Draw a position vs. time graph for a sprinter
running a 100 m dash. Label...
asked 2 hours ago -
A uniform electric field exists in a region between two
oppositely charged plates. An electron is...
asked 2 hours ago