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12. Over the past year, an investor bought common stock of Corporation A on three occasions at the following prices. Date Price Per Share 19.58 24.06 29.54 Number of Shares January July December Calculate the average price per share at which the investor bought these shares. 70 80 50

12. Over the past year, an investor bought common stock of Corporation A on three occasions at the following prices. Date Price Per Share 19.58 24.06 29.54 Number of Shares January July December Calculate the average price per share at which the investor bought these shares. 70 80 50

College Algebra
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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12. Over the past year, an investor bought common stock of Corporation A on three occasions at the following prices. Date January July Price Per Share 19.58 24.06 29.54 Number of Shares 70 80 50 December Calculate the average price per share at which the investor bought these shares.
Transcribed Image Text:12. Over the past year, an investor bought common stock of Corporation A on three occasions at the following prices. Date January July Price Per Share 19.58 24.06 29.54 Number of Shares 70 80 50 December Calculate the average price per share at which the investor bought these shares.
Expert Solution
Step 1

Given data:

Price per share Number of shares
19.58 70
24.06 80
29.54 50

 

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