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On April 1st, Rick purchases 100 shares of Nick Inc. The price per share paid was:......................... $10 On May 1st, Rick purchases 120 shares of

On April 1st, Rick purchases 100 shares of Nick Inc. The price per share paid was:.........................$10

On May 1st, Rick purchases 120 shares of Nick Inc. The price per share paid was:.....................$11.50

On June 15th, Rick sells 50 shares of Nick Inc. The price per share received was:........................$12.50

On November 1st, Rick purchases 40 shares of Nick Inc. The price per share paid was:...............$8.50

As of December 31, what is the average cost per share of Nick Inc. held by Rick?

1.

$84.09

2.

$8.50

3.

$10.82

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