Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large- Cap Value Fund. Using the
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Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-
Cap Value Fund. Using the following information, answer the questions below. You may want to review the concept of dollar cost averaging in Chapter 14 before completing this problem.
1. At the end of four years, what is the total amount invested?
2. At the end of four years, what is the total number of mutual fund shares purchased?
3. At the end of four years, what is the average cost for each mutual fund share?
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Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
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