Using Dollar Cost Averaging. For four years, Mary Thomas invested $4,000 each year in America Bank stock.
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Using Dollar Cost Averaging. For four years, Mary Thomas invested
$4,000 each year in America Bank stock. The stock was selling for $34 in 2015, for $48 in 2016, for $37 in 2017, and for $52 in 2018.
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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