Two years ago, you invested $1,000 by buying 125 shares ($8 per share NAV) in the Viking Mutual Fund, an aggressive growth, no-load mutual fund. Last year, you added to your fund by doing two investments of $500 each (50 shares at $10 and 40 shares at $12.50). You reinvested all of your dividends so you could take advantage of compounding which you learned in chapter So far, the NAV/share 2. for your investment has risen from $8 per share to $13.25. What were the proceeds from your sale of the 60 shares? Round to the nearest cent. DO NOT INCLUDE COMMAS OR $.

Two years ago, you invested $1,000 by buying 125 shares ($8 per share NAV) in the Viking Mutual Fund, an aggressive growth, no-load mutual fund. Last year, you added to your fund by doing two investments of $500 each (50 shares at $10 and 40 shares at $12.50). You reinvested all of your dividends so you could take advantage of compounding which you learned in chapter So far, the NAV/share 2. for your investment has risen from $8 per share to $13.25. What were the proceeds from your sale of the 60 shares? Round to the nearest cent. DO NOT INCLUDE COMMAS OR $.

PFIN (with PFIN Online, 1 term (6 months) Printed Access Card) (New, Engaging Titles from 4LTR Press)

6th Edition

ISBN:9781337117005

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter13: Investing In Mutual Funds, Etfs, And Real Estate

Section: Chapter Questions

Problem 7FPE

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