For four years, Marie St. Louis invested $3,000 each year in Canada Bank stock. The stock was
Question:
For four years, Marie St. Louis invested $3,000 each year in Canada Bank stock. The stock was selling for $34 in 2008, for $48 in 2009, $37 in 2010 and for $52 in 2011.
a. What is Marie's total investment in Canada Bank?
b. After four years, how many shares does Marie own?
c. What is the average cost per share of Marie’s investment?
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a Maries total investment is 12000 as illustrated below 3000 x 4 years 12000 tot...View the full answer
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ISBN: 978-1259453144
6th Canadian edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Arshad Ahmad, Jordan Fortino
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