13. Using Dollar Cost Averaging. For four years, Mary Nations invested $4,000 each year in America Bank

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13. Using Dollar Cost Averaging. For four years, Mary Nations invested $4,000 each year in America Bank stock. The stock was selling for $34 in 2007, for $48 in 2008, $37 in 2009, and for $52 in 2010. (Obj. 5)

a. What is Mary’s total investment in America Bank?

b. After four years, how many shares does Mary own?

c. What is the average cost per share of Mary’s investment?

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Personal Finance

ISBN: 9780073530697

10th Edition

Authors: Jack Kapoor, Les Dlabay, Robert Hughes

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Question Posted: Jul 25, 2024 04:00 AM

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13. Using Dollar Cost Averaging. For four years, Mary Nations invested $4,000 each year in America Bank

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Personal Finance

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