Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. (Round your answers to the nearest whole number.) Year Investment Amount Price per Share Number of Shares February 2017 $1,400 $53.00 February 2018 $1,400 $ 34.00 February 2019 $1,400 $47.40 February 2020 $1,400 $55.00 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 shares purchased? (Round your intermediate calculations and final answer to the nearest whole number.) c. At the end of four years, what is the average cost for each share? (Round
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. (Round your answers to the nearest whole number.)
Year Investment Amount Price per Share Number of Shares
February 2017 $1,400 $53.00
February 2018 $1,400 $ 34.00
February 2019 $1,400 $47.40
February 2020 $1,400 $55.00
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 shares purchased? (Round your intermediate calculations and final answer to the nearest whole number.)
c. At the end of four years, what is the average cost for each share? (Round
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
