Over a four-year period, LaKeisha Thompson purchased shares in the Oak mark Investor Class Fund. Using the information below, answer the questions that follow. You may want to review the concept of dollar cost averaging in Chapter 12 before completing this problem.

a. At the end of four years, what is the total amount invested?
b. At the end of four years, what is the total number of shares purchased?
c. At the end of four years, what is the average cost for each share?

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Year Investment Amount February 2017 $1,500 February 2018 $1,500 February 2019 $1,500 February 2020 $1,500 *Round answer to two decimal places. Price per Share $61 $72 $78 $71 Number of Shares*