Suppose you decided to use dollar-cost averaging and purchased $200 worth of stock every quarter for one

Question:

Suppose you decided to use dollar-cost averaging and purchased $200 worth of stock every quarter for one year. You paid the following share prices: Quarter 1, $5; Quarter 2, $10; Quarter 3, $8; Quarter 4, $4. Using Figure 17.4 as a guide, calculate these values:

(a) average share price,

(b) your average cost per share, and

(c) ending value. Did you benefit from dollar-cost advertising? Explain.

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