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Question 4 5 pts Under dollar-cost averaging, an investor will purchase $6,000 worth of stock each year for three years. The stock price is $27
Question 4 5 pts Under dollar-cost averaging, an investor will purchase $6,000 worth of stock each year for three years. The stock price is $27 in year 1, $17 in year 2, and $37 in year 3. Compute the savings in the average cost from using this strategy. (Calculate average price - average cost) (Keep 2 decimal places)
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