Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The customer bought a total of 1 , 1 0 8 , 0 0 0 shares and sold 9 0 0 , 0 0 0

The customer bought a total of 1,108,000 shares
and sold 900,000 shares, currently holding
208,000 shares.
Placement: The customer purchased 620,000
shares with a cost price of 1
Buy 8,000 shares: The customer purchased
8,000 shares at a price of 0.8 yuan.
Purchase of 480,000 shares: The customer
purchased 480,000 shares at a price of 0.8 yuan.
The total number of shares purchased is 620,000
+8,000+480,000=1,108,000 shares.
The client sold the following stocks:
Sell 200,000 shares: Sell at a price of 0.76
yuan.
Sell 200,000 shares: Sell at a price of 0.8 yuan.
Sell 100,000 shares: Sell at a price of 1.11 yuan.
Sell 100,000 shares: Sell at a price of 1.11 yuan.
Sell 100,000 shares: Sell at a price of 1.1 yuan.
Sell 100,000 shares: Sell at a price of 1.12 yuan.
Sell 100,000 shares: Sell at a price of 1.2 yuan.
Explain why the average cost price is $1.126.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Finance In Theory And Practice

Authors: Holley Ulbrich

1st Edition

0324016603, 978-0324016604

More Books

Students also viewed these Finance questions

Question

Choosing Your Topic Researching the Topic

Answered: 1 week ago

Question

The Power of Public Speaking Clarifying the

Answered: 1 week ago