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Mathematics, 10.01.2021 20:00 alexx2595
Average Cost per Share = Total Amount Invested - Total Number of Shares
Purchased = 5400/88.3 shares = 54.53 per share
Kelly invests $50 every month. The prices of her mutual fund shares have changed during the year. The table below shows her monthly purchases.
Amount Invested
550
$50
$50
$50
Price per Share
$10
$8
$6
$4
# of Shares Purchased
5.00
6.25
8.33
12.5
Questions:
a. How many shares did Kelly purchase over four months?
b. What was her average cost per share over this period?
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Answers: 1
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You know the right answer?
Average Cost per Share = Total Amount Invested - Total Number of Shares
Purchased = 5400/88.3 share...
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