What is the percentage increase in the nav

Reference no: EM13797177

10 months ago, George invested $1,000 by buying 100 shares of Can't Lose Mutual Fund, an aggressive growth no-load mutual fund. George reinvested his dividends, so he now has 112 shares. So far, the NAV for George's investment has risen from $10 per share to $13.25.

a) What is the percentage increase in the NAV of George's mutual fund?

b) If George redeemed the first 100 shares of his mutual fund investment for $13.25 per share, what would be his capital gain over the amount invested?

c) Assuming George pays income taxes at the 25 percent rate, how much income tax will he have to pay if he sells those first 100 shares?

Reference no: EM13797177

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