An investor bought common stock of Dell Inc. on three occasions at the following prices. Date ......

Question:

An investor bought of Dell Inc. on three occasions at the following prices.
Date ...... Price Per Share
January 2009 ... $10.34
July 2009 .... $13.98
December 2009 ... $14.02

a. What is the average price per share if the investor had bought 100 shares in January, 60 in July, and 40 in December?
b. What is the average price per share if the investor had bought 40 shares in January, 60 in July, and 100 in December?

Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...