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.