Your client began purchasing shares of the GRO mutual fund two years ago. She has followed a dollar cost averaging approach by investing $2,000 every six months for the last two years. The following data depict her purchases.

Date	Net Asset Value of Fund	Number of Shares Purchased
October 1, 20X6	$44.44	45
April 1, 20X7	$38.46	52
October 1, 20X8	$33.90	59
April 1, 20X9	$48.78	41

What is your client's average cost per share of GRO?

A)

$42.78

B)

$41.40

C)

$48.32

D)

$40.61