Question
Over the last five years,Mary Blaise has bought and sold the shares of two companies, SadeanLtd. and DorcanInc. Both companies are publicly traded and pay
Over the last five years,Mary Blaise has bought and sold the shares of two companies, SadeanLtd. and DorcanInc. Both companies are publicly traded and pay eligible dividends on an irregular basis.
Transactions involving SadeanLtd. shares over this period are as follows:
January, 2013 Purchase1,250 @ $24
November, 2015 Purchase860 @29
June, 2017 Sale1,750 @31
What is the average cost base of the SadeanLtd. Shares prior to the sale in June 2017?(Round to the penny.Do NOT put the dollar sign)
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
536514119, 536514110, 978-0536514110
