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 $