For four years, Mary Nations invested $4,000 each year in America Bank stock. The stock was selling

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For four years, Mary Nations invested $4,000 each year in America Bank stock. The stock was selling for $34 in 2013, for $48 in 2014, for $37 in 2015, and for $52 in 2016.

a. What is Mary’s total investment in America Bank?

b. After four years, how many shares does Mary own?

c. What is the average cost per share of Mary’s investment?

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Personal Finance

ISBN: 978-1259720680

12th edition

Authors: Jack R. Kapoor, Les R. Dlabay, Robert J. Hughes, Melissa Hart

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