You purchased 1,000 shares of a stock for $12 per share. Then, two months later, you purchased
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You purchased 1,000 shares of a stock for $12 per share. Then, two months later, you purchased an additional 500 shares of the same stock at $9 per share. Calculate the weighted mean of the purchase price for the total of 1,500 shares.
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Mahmudul Hassan
I obtained my BBA and MBA from the Finance Department of Jagannath University. I have a tremendous interest in financial modeling as well as qualitative analysis and valuation. I have 5 years of experience in school-level and college-level teaching.
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