Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, 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 February 2011 February 2012 February 2013 February 2014 Number of Shares* 33.33 34.88 Investment Amount $1,500 $1,500 $1,500 $1,500 Price Per Share $45.00 $43.00 26.13 23.08 $57.40 $65.00