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Assume an investor made a lump-sum $676 purchase on the first day of the year as shown in the table be Use the information
Assume an investor made a lump-sum $676 purchase on the first day of the year as shown in the table be Use the information provided to c Money Total ShareOwned Quarter Price Purchased 1476 2 $52 50 4 158 $41 50 Total 10 1876 b. Assume that instead of investing $8.76 as a lump-sum investment, the investor decided to invest $219 at the beginning of every quarter. If at year end the price of the stock closed at $41 per share, which investment stray do wveraging or lump sum investing produced the rea a. If $876 was invested when the stock price was $28, the number of shares purchased in Quarter 1 are shares (Round to two decimal places)
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