Kyle and Morgan start investing $120 on the first day of each month in Betterment mutual funds
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Question:
Kyle and Morgan start investing $120 on the first day of each month in Betterment mutual funds starting in July. The price per share on July 1 is $5.25, and the price per share on August 1 is $4.23. How many shares did they buy in total for both months? What is the total value of their investment on August 31st if the price on that day is $5.60 per share? (Round shares to two decimal places.)
Related Book For
Managerial Economics Foundations of Business Analysis and Strategy
ISBN: 978-0078021718
11th edition
Authors: Christopher Thomas, S. Charles Maurice
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