Question: Using dollar-cost averaging will help you reduce your risk over time by ensuring that you do not try to time the market. An investor regularly

Using dollar-cost averaging will help you reduce your risk over time by ensuring that you do not try to time the market. An investor regularly contributes $20 000 to his DRIP account for five years. The share price fluctuates over time as follows:

Using dollar-cost averaging will help you reduce your risk over time by

(a) Calculate the investor’s average cost per share.
(b) Calculate the value of the investment after five years.
(c) Calculate the yield of the investments.

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