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Problem 1 3 - 9 Using Dollar Cost Averaging [ LO 4 ] Over a four - year period, Pat purchased shares in the Barreau
Problem Using Dollar Cost Averaging LO
Over a fouryear period, Pat purchased shares in the Barreau du Quebec Canadian Equity Fund as recorded in the table below. Using
the information below, provide your solution to the following questions.
a At the end of four years, what is the total amount invested? Omit the $ sign in your response.
Total amount invested
b At the end of four years, what is the total number of mutual fund shares purchased? Round DOWN your intermediate calculations
and final answer to the nearest whole share.
Total number of mutual fund shares
c At the end of four years, what is the average cost for each mutual fund share? Round DOWN your intermediate calculations to the
nearest whole share. Round your final answer to decimal places. Omit the $ sign in your response.
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