Economics: Private and Public Choice (MindTap Course List)
15th Edition
ISBN: 9781285453538
Author: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher: Cengage Learning
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Question
Chapter ST3, Problem 3CQ
To determine
Reason for the willingness of people to pay a higher price even if they might not get dividends for many year.
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Suppose that you have bought a total of 3200 shares of stock of a particular company. You bought 1200 shares of stock at $18 per share, 800 shares of stock at $10 per share, and the remaining shares at $21 per share. What is the average price you paid per share of stock? (please round your answer to 2 decimal places)
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Chapter ST3 Solutions
Economics: Private and Public Choice (MindTap Course List)
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