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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Personal Finance

ISBN: 9781260799736

13th Edition

Authors: Jack Kapoor

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Question Posted: Jul 23, 2024 03:00 AM

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

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Personal Finance

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