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Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information: Year Investment Amount Price per Share 2018
Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information:
Year | Investment Amount | Price per Share |
2018 | $ 3,850 | $ 44 per share |
2019 | 3,850 | 52 per share |
2020 | 3,850 | 49 per share |
2021 | 3,850 | 51 per share |
a) At the end of four years, what is the total amount invested?
b) At the end of four years, what is the total number of mutual fund shares purchased? Note: Round your intermediate calculations and answer to 1 decimal place.
c) At the end of four years, what is the average cost for each mutual fund share? Note: Round your intermediate calculations 4 decimal places and answer to 2 decimal places.
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