Question
For four years, Mary Nations invested $4,500 each year in America Bank stock. The stock was selling for $41 in 2010, for $49 in 2011,
| For four years, Mary Nations invested $4,500 each year in America Bank stock. The stock was selling for $41 in 2010, for $49 in 2011, $44 in 2012, and for $58 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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Finance For Development
Authors: Barbara Stallings
1st Edition
0815780850, 978-0815780854
