Abe made the following transactions in a mutual fund the, Ask an Expert

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Abe made the following transactions in a mutual fund: The fund paid a dividend of $2 per share

Date Price per share Transaction

January 1st $100 Bought 100 shares

April 1st $150 Bought 50 shares

July 1st $120 Dividend reinvested

September 1st $90 Sold 60 shares

December 31st $100 All shares are sold

on July 1st, which was reinvested in the fund. Assume fractional shares can be bought. Calculate the amount (in dollars) of Abe’s withdrawal on December 31st, and the interest earned during the year.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91267636

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