An investor made the following investments over 6 months. Each purchase was for $1000.00. Include fractional shares.
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- An investor made the following investments over 6 months. Each purchase was for $1000.00. Include fractional shares. Calculate the base of the entire investment (Fill out the table below - dollar cost averaging). What is the overall average price paid for all the stock over 6 months?
Date | Purchase price per share | Shares purchased | Amt spent on the stock | Average price of all shares |
1/5/2008 | $10.00 | 100.00 | $1,000.00 | $10.00 |
2/5/2008 | $11.00 | 90.91 | $1,000.00 | |
3/5/2008 | $12.00 | 83.33 | $1,000.00 | |
4/5/2008 | $13.00 | 76.92 | $1,000.00 | |
5/5/2008 | $14.00 | 71.43 | $1,000.00 | |
6/5/2008 | $12.50 | 80.00 | $1,000.00 |
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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