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Problem 1 6 - 1 4 Using Dollar Cost Averaging [ LO 1 6 - 4 ] Over a four - year period, Matt Ewing
Problem Using Dollar Cost Averaging LO
Over a fouryear period, Matt Ewing purchased shares in the ClearBridge LargeCap Value Fund. Use the following information:
tableYeartableInvestmentAmountPrice per Share$$ per share per share per share 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 decimal place.
c At the end of four years, what is the average cost for each mutual fund share?
Note: Round your intermediate calculations decimal places and answer to decimal places.
tablea Total amount investedb Total number of mutual fund sharesc Average cost of each mutual fund share
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