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Over a four-year period, Matt Ewing purchased shares in the Oakmark I Fund. Use the following information: Year Investment Amount Price per Share 2013 $
Over a four-year period, Matt Ewing purchased shares in the Oakmark I Fund. Use the following information: |
Year | Investment Amount | Price per Share |
2013 | $ 3,500 | $ 59 |
2014 | 3,500 | 37 |
2015 | 3,500 | 34 |
2016 | 3,500 | 48 |
(a) | At the end of four years, what is the total amount invested? |
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(b) | At the end of four years, what is the total number of mutual fund shares purchased? (Round your intermediate calculations and answer to 4 decimal places.) |
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(c) | At the end of four years, what is the average cost for each mutual fund share? (Round your intermediate calculations to 4 decimal places and answer to 2 decimal places.) |
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