Question: 16. What is the average cost per share assuming the following mutual fund transactions occurred? 2017: Invested $1,000 at a price of $20 per share

16. What is the average cost per share assuming the following mutual fund transactions occurred? 2017: Invested $1,000 at a price of $20 per share 2018: Invested $3,000 at a price of $30 per share A. $11.43 B. $25.00 C. $26.67 D. $20.00 E. $150.00

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