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You plan to spend $100 a month on a certain fund's shares. The first month the shares are priced at $10 each so you buy

You plan to spend $100 a month on a certain fund's shares. The first month the shares are priced at $10 each so you buy 10. The next month the shares are priced at $5, so you buy 20. What is the average cost of this fund's shares in your portfolio?

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None of these is correct.

$100

$7.50

$6.67

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