Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

For four years, Marie St. Louis invested $2,350 each year in a bank's stocks. The stock sold for $43 in 2008, $51 in 2009, $37

image text in transcribed

For four years, Marie St. Louis invested $2,350 each year in a bank's stocks. The stock sold for $43 in 2008, $51 in 2009, $37 in 2010, and $59 in 2011. a. What is Marie's total investment in this bank? (Omit the "$" sign in your response.) Total investment b. After four years, how many shares does Marie own? (Round your intermediate calculations and final answer to 1 decimal places. Total shares c. What is the average cost per share of Marie's investment? (Round your intermediate calculation to 1 decimal place and 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

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Finance questions