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Lucius Malfoy continues to invest in Firebolt using the dollar-cost-averaging strategy. He has $750 budgeted to invest quarterly in the company. Last quarter the share

Lucius Malfoy continues to invest in Firebolt using the dollar-cost-averaging strategy. He has $750 budgeted to invest quarterly in the company. Last quarter the share price of Firebold was $37.50 and Lucius bought 20 shares. This quarter the the price has increased to $50 per share. When Lucius uses the dollar-cost-averaging strategy to invest this quarter, how much money will he spend to purchase shares of Firebolt

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