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You work at Mell's Corporation. For the past six months, you've been setting aside $250 out of each monthly paycheck into an index fund. The
You work at Mell's Corporation. For the past six months, you've been setting aside $250 out of each monthly paycheck into an index fund. The share prices on the days you set aside money were: $30 per share, $40 per share, $45 per share, $45 per share, $35 per share, and $35 per share. Assume you can purchase fractional shares. What is the average price you paid per share? (Do not round intermediate calculations. Round your final answer two decimal places.)
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