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
Chapter3: Data Visualization
Section: Chapter Questions
Problem 6P: The file MutualFunds contains a data set with information for 45 mutual funds that are part of the...
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![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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4a8edd46-5f04-4a5a-b2c3-6bdcf5c44b93%2F389bf276-a65f-4360-9a51-7d69679d97e9%2Fka9304r_processed.png&w=3840&q=75)
Transcribed Image Text: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
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