Question
For four years, Mary Nations invested $3,500 each year in America Bank stock. The stock was selling for $38 in 2010, for $48 in 2011,
For four years, Mary Nations invested $3,500 each year in America Bank stock. The stock was selling for $38 in 2010, for $48 in 2011, $38 in 2012, and for $55 in 2013.
| (a) | What is Marys total investment in America Bank? |
| Total investment | $ |
| (b) | After four years, how many shares does Mary own? (Round your intermediate calculations and final answer to 1 decimal place.) |
| Total shares |
| (c) | What is the average cost per share of Marys investment? (Round your intermediate calculations and final answer to 1 decimal place.) |
| Average cost per share | $ |
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Portfolio Performance Measurement And Benchmarking
Authors: Jon Christopherson, David Carino, Wayne Ferson
1st Edition
