13. Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the information below, answer the questions that follow. You may want to review the concept of dollar cost averaging in Chapter 12 before completing this problem. (LO13.4)

a. At the end of four years, what is the total amount invested?

b. At the end of four years, what is the total number of shares purchased?

c. At the end of four years, what is the average cost for each share?

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Year Investment Amount Price per Share Number of Shares February 2014 $1,500 $45.00 February 2015 $1,500 $43.00 February 2016 $1,500 $57.00 February 2017 $1,500 $65.00 *Carry your answer to two decimal places.