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or four years, Mary Thomas invested $4,200 each year in America Bank stock. The stock was selling for $62 in 2018, for $58 in 019, for $59 in 2020, and for $51 in 2021. What is Mary's total investment in America Bank? After four years, how many shares does Mary own?

or four years, Mary Thomas invested $4,200 each year in America Bank stock. The stock was selling for $62 in 2018, for $58 in 019, for $59 in 2020, and for $51 in 2021. What is Mary's total investment in America Bank? After four years, how many shares does Mary own?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Am. 112.

For four years, Mary Thomas invested $4,200 each year in America Bank stock. The stock was selling for $62 in 2018, for $58 in 2019, for $59 in 2020, and for $51 in 2021. a. What is Mary's total investment in America Bank? b. After four years, how many shares does Mary own? Note: Round your intermediate calculations to 1 decimal place. Round up your final answer to the nearest whole unit. c. What is the average cost per share of Mary's investment? Note: Round up your intermediate value of "Total shares" to the nearest whole unit. Round your final answer to 2 decimal places. a. Total investment b. Total shares c. Average cost per share
Transcribed Image Text:For four years, Mary Thomas invested $4,200 each year in America Bank stock. The stock was selling for $62 in 2018, for $58 in 2019, for $59 in 2020, and for $51 in 2021. a. What is Mary's total investment in America Bank? b. After four years, how many shares does Mary own? Note: Round your intermediate calculations to 1 decimal place. Round up your final answer to the nearest whole unit. c. What is the average cost per share of Mary's investment? Note: Round up your intermediate value of "Total shares" to the nearest whole unit. Round your final answer to 2 decimal places. a. Total investment b. Total shares c. Average cost per share
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