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

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): $$\begin{array} { l l l l l l l l } & & & \text { Net } & && \text { Total } & \\& & & \text { Asset } & & \text { Per } & \text { Gain } & \text { Retum } \\& \text { Offer } & \text { Total } & \text { Value } & & \text { Share } & \text { (or } & \text { on } \\\text { Shares } & \underline { \text { Price } } & \underline { \text { Cost } } & \underline { ( \mathrm { NAV } ) } & \underline { \text { Proceeds } } & \underline { \text { Dividends } } & \underline { \text { Loss) } } & \underline { \text { Investment } } \\\$ 1,000 &\$6.95 & & \$ 8.60 & &\$1.20 &\end{array}$$