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Carlos Spencio Purchased 3,000 Shares of Carlise Mutual Fund for an Offer

Question 126

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Carlos Spencio purchased 3,000 shares of Carlise Mutual Fund for an offer price of $22.86 per share. He later sold the shares at a net value of $22.98 per share. During the time Carlos owned the shares, Carlise paid dividends of $.38 and $.42 per share. What was Carlos' gain on this investment?

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