Question: Over the past 2 years Jonas Cone has used a

Over the past 2 years, Jonas Cone has used a dollar-cost averaging formula to purchase $300 worth of FCI common stock each month. The price per share paid each month over the 2 years is given in the following table. Assume that Jonas paid no brokerage commissions on these transactions.
a. How much was Jonas’s total investment over the 2-year period?
b. How many shares did Jonas purchase over the 2-year period?
c. Use your findings in parts a and b to calculate Jonas’s average cost per share of FCI.
d. What was the value of Jonas’s holdings in FCI at the end of the second year?

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  • CreatedApril 28, 2015
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