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Over the past 2 years, Jonas Cone has used a dollar-cost averaging formula to purchase $400 worth of FCI common stock each month. The price
Over the past 2 years, Jonas Cone has used a dollar-cost averaging formula to purchase $400 worth of FCI common stock each month. The price per share paid each month over the 2 years is given in the following table Assume that Jonas paid no brokerage commissions on these transactions. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) Price per Share of FCI Month January February March April May June July August Year 1 Year 2 $11.37 $11.95 11.88 1137 12.38 12.43 12.37 12.19 13.16 13.44 11.82 10.62 12.06 12.02 12.06 12.08 September222 13.98 12.39 13.17 2.09 13.93 13.37 October November December 1.97 a. How much was Jonas's total investment over the 2-year period? b. How many shares did Jonas purchase over the 2-year period? c. Use your findings in parts a and b to calculate Jonas's average cost per share of FCi d. What was the value of Jonas's holdings in FCI at the end of the second year? The amount of Jonas's total investment over the 2-year period is (Round to the nearest dollar) a. Over the past 2 years, Jonas Cone has used a dollar-cost averaging formula to purchase $400 worth of FCI common stock each month. The price per share paid each month over the 2 years is given in the following table Assume that Jonas paid no brokerage commissions on these transactions. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet) Price per Share of FCI Month January February March April May June July August Year 1 Year 2 $11.37 $11.95 11.88 1137 12.38 12.43 12.37 12.19 13.16 13.44 11.82 10.62 12.06 12.02 12.06 12.08 September222 13.98 12.39 13.17 2.09 13.93 13.37 October November December 1.97 a. How much was Jonas's total investment over the 2-year period? b. How many shares did Jonas purchase over the 2-year period? c. Use your findings in parts a and b to calculate Jonas's average cost per share of FCi d. What was the value of Jonas's holdings in FCI at the end of the second year? The amount of Jonas's total investment over the 2-year period is (Round to the nearest dollar) a
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