The percentage increase in the nav of george mutual fund

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Reference no: EM132028649

A year ago, George Jetson, from Orbit City, Texas, invested $1,100 by buying 110 shares of the Can't Lose Mutual Fund, an aggressive growth no-load mutual fund. George reinvested his dividends, so he now has 123 shares. So far, the NAV for George's investment has risen from $10 per share to $15.

What is the percentage increase in the NAV of George's mutual fund? Round your answer to one decimal place. ___%

If George redeemed the first 110 shares of his mutual fund investment for $15 per share, what would be his capital gain over the amount invested? Round your answer to the nearest dollar. ____$

Assuming George pays income taxes at the 25 percent rate, how much income tax will he have to pay if he sells those first 110 shares? George has owned the shares for less than a year. Round your answer to the nearest cent. _____$

Reference no: EM132028649

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