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A certain company is currently listed at Dar es Salaam Stock Exchange ( DSE ) , with its market capitalization value standing at approximately TZS

A certain company is currently listed at Dar es Salaam Stock Exchange (DSE), with its market capitalization value standing at approximately TZS 1.31 Trillion. Its share prices at the end of the last ten successive months were: TZS 295; TZS 350; TZS 312; TZS 435; TZS 530; TZS 432, TZS 510, TZS 385, TZS 416 and TZS 420.
Required:
a) Compute the average (end of month) price of the shares. [3 Marks]
b) Establish how many shares could be bought with TZS 3,450,000 at the average price. [3 Marks]
c) What is the resulting shareholding worth at the end of the ten-month period?
[3 Marks]
d) Suppose that an investor spread the TZS 3,450,000 investment evenly over the ten months in order to benefit from TZS cost averaging (i.e., investing TZS
345,000 at the end of each month). Establish how many shares were bought.
[8 Marks]
e) What was the average price of the shares bought? [3 Marks]

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