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Problem 13-9 Using Dollar Cost Averaging [LO4] Over a four-year period, Pat purchased shares in the Barreau du Quebec Canadian Equity Fund as recorded in
Problem 13-9 Using Dollar Cost Averaging [LO4] Over a four-year 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. Investment Amount Year 2018 $5,200 Price per Share $54 per share $35 per share 2019 $5,200 2020 $5,200 $38 per share $53 per share 2021 $5,200 a. At the end of four years, what is the total amount invested? (Omit the "$" 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 2 decimal places. Omit the "$" sign in your response.) Average cost of each mutual fund share tA
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