Question: Problem 1 1 - 9 Using Dollar Cost Averaging [ LO 5 ] For four years, Marie invested $ 4 , 6 0 0 each
Problem Using Dollar Cost Averaging LO
For four years, Marie invested $ each year in a banks stocks. The stocks sold for $ in X $ in X $ in X and $ in X
a What is Maries total investment in this bank? Omit the $ sign in your response.
Total investment $
b After four years, how many shares does Marie own? Round your intermediate calculations DOWN and round your final answer DOWN to the nearest whole share.
Total number of shares
c What is the average cost per share of Maries investment? Round DOWN your intermediate calculations to the nearest whole share. Round your final answer to decimal places. Omit the $ sign in your response.
Average cost per share $
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