Calculate the Total Cost, Proceeds, Total Gain or Loss, and Return

question 142

Short Answer

Calculate the total cost, proceeds, total gain or loss, and return on investment for the mutual fund investment assuming it is held for one year. The offer price is the purchase price of the shares and the net asset value is the price at which the shares were later sold (round return on investment to the nearest tenth): $$\begin{array} { l l l l l l l l } & & & \text { Net } & && \text { Total } & \\& & & \text { Asset } & & \text { Per } & \text { Gain } & \text { Retum } \\& \text { Offer } & \text { Total } & \text { Value } & & \text { Share } & \text { (or } & \text { on } \\\text { Shares } & \underline { \text { Price } } & \underline { \text { Cost } } & \underline { ( \mathrm { NAV } ) } & \underline { \text { Proceeds } } & \underline { \text { Dividends } } & \underline { \text { Loss) } } & \underline { \text { Investment } } \\\$ 1,000 &\$6.95 & & \$ 8.60 & &\$1.20 &\end{array}$$

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Definitions:

November 1963

Notable for the assassination of U.S. President John F. Kennedy on November 22, 1963, an event that shocked the world and had a lasting impact on American society and politics.

August 1964

pertains to the month and year notable for the Gulf of Tonkin incident, which led to the escalation of U.S. involvement in the Vietnam War.

Television Role

Pertains to a character or position assigned to an actor or personality within a TV show or broadcast.

Vietnam War

A prolonged conflict (1955-1975) in Southeast Asia, which pitted the Communist government of North Vietnam against South Vietnam and its principal ally, the United States.