Two years ago Jane invested $1000 by buying 125 shares of the no-load Can’t Lose Mutual Fund at $8/share Last year she made two additional purchases of $500 each, 50 shares at $10/share and 40 shares at $1250/share She reinvested all dividends So far, the NAV for her investment has risen from $8/share to $1325/share Late in the year she sold 60 shares at $1325

What were the proceeds from her sale of the 60 shares?

Answer rating: 100% (QA)

Solution Purchases 60 shares at ... View the full answer