Question
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the questions that follow. You may want
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the questions that follow. You may want to review the concept of dollar cost averaging in Chapter 12 before completing this problem. I have to round my answers 2 decimal places.
Year Investment Amount Price per Share Number of Shares(?)February 2011 $1,500 $45.00 share(?)February 2012 $1,500 $43.00 share (?)February 2013 $1,500 share $57.00(?)February 2014 $1,500 $65.00 share (?)
a. At the end of four years, what is the total amount invested?
Total investment $?
b. At the end of four years, what is the total number of shares purchased?
Total number of shares ?
c. At the end of four years, what is the average cost for each share?
Average cost $?
I'm having trouble with especially the number of shares starting with that I need help with this. Numbers of shares is what I really need for Feb 2011, 2012, 2013, and 2014.
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