How much profit did he make on his investment

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Reference no: EM132033330

Jason Mathews purchased 400 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 $16.90.

a. What the amount of his total investment? (Round your answer to 2 decimal places.)

Total investment $

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

Sale proceeds $

c. How much profit did he make on his investment? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Profit $

Reference no: EM132033330

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