Question
Sarah Mix decides to invest $500 per month in three funds, with $200 going into a small capital growth fund, $150 going into a large
Sarah Mix decides to invest $500 per month in three funds, with $200 going into a small capital growth fund, $150 going into a large capital growth fund, and $150 into an international fund. She tracked the price she paid for stock in these funds over a 6-month period, as shown in the table below.
a. What was the average price paid per share in each mutual fund?
b. How much has Sarah invested in mutual funds?
c. What is the current value of her investment?
d. Which fund is currently performing best for Sarah?
Month | Large Cap | Small Cap | International |
1 | 35.45 | 27.00 | 29.00 |
2 | 32.35 | 27.25 | 28.50 |
3 | 28.36 | 26.55 | 28.00 |
4 | 32.15 | 28.00 | 28.25 |
5 | 33.12 | 28.50 | 28.75 |
6 | 35.00 | 27.60 | 29.00
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