Question
For four years, Marie invested $4,100 each year in a banks stocks. The stocks sold for $39 in 20X1, $56 in 20X2, $45 in 20X3,
For four years, Marie invested $4,100 each year in a banks stocks. The stocks sold for $39 in 20X1, $56 in 20X2, $45 in 20X3, and $58 in 20X4.
a. What is Maries total investment in this bank? (Omit the "$" sign in your response.)
Total investment= $
b. After four years, how many shares does Marie own? (Round your intermediate calculations DOWN and round your final answer DOWN to the nearest whole share.)
Total number of shares =
c. What is the average cost per share of Maries investment? (Round DOWN your intermediate calculations to the nearest whole share. Round your final answer to 2 decimal places. Omit the "$" sign in your response.)
Average cost per share= $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started