Question
You purchase $300 worth of the same stock every quarter for one year at prices per share of$15, $12, $10, and $20, respectively. By using
You purchase $300 worth of the same stock every quarter for one year at prices per share of$15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
