Patrice Patterson began investing last year in the Apex Fund. She is investing $500 every quarter and wants to know what her average cost per share (basis) has been. These are the prices of the Apex fund at the end of each quarter when she made her purchases: $35.50, $38.90, $65.70, $72.50, and $89.00. What is her average cost per share?

Answer rating: 100% (QA)

To find Patrice Pattersons average cost per share basis we first need to calculate the total amount ... View the full answer