Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information: Year Investment Amount Price per Share 2018 $ 3,250 $ 32 per share 2019 3,250 2020 40 per share 37 per share 2021 3,250 3,250 39 per share a. At the end of four years, what is the total amount invested? b. At the end of four years, what is the total number of mutual fund shares purchased? Note: Round your intermediate calculations and answer to 1 decimal place. c. At the end of four years, what is the average cost for each mutual fund share? Note: Round your intermediate calculations 4 decimal places and answer to 2 decimal places. a. Total amount invested b. Total number of mutual fund shares c. Average cost of each mutual fund share $ 13,000
Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information: Year Investment Amount Price per Share 2018 $ 3,250 $ 32 per share 2019 3,250 2020 40 per share 37 per share 2021 3,250 3,250 39 per share a. At the end of four years, what is the total amount invested? b. At the end of four years, what is the total number of mutual fund shares purchased? Note: Round your intermediate calculations and answer to 1 decimal place. c. At the end of four years, what is the average cost for each mutual fund share? Note: Round your intermediate calculations 4 decimal places and answer to 2 decimal places. a. Total amount invested b. Total number of mutual fund shares c. Average cost of each mutual fund share $ 13,000
Essentials of Business Analytics (MindTap Course List)
2nd Edition
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Chapter2: Descriptive Statistics
Section: Chapter Questions
Problem 17P: Suppose that you initially invested 10,000 in the Stivers mutual fund and 5,000 in the Trippi mutual...
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