Jason mathews purchased 300 shares of the hodge mattox, Finance Basics

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Jason mathews purchased 300 shares of the hodge mattox

Question: Jason Mathews purchased 300 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 $17.10.

a. What was the amount of his total investment?

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

c. How much profit did he make on his investment?

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Finance Basics: Jason mathews purchased 300 shares of the hodge mattox

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