Question: Problem 1 3 - 1 3 ( LO 1 3 . 4 ) Over a four - year period, LaKeisha Thompson purchased shares in the

 Problem 13-13(LO13.4) Over a four-year period, LaKeisha Thompson purchased shares in

Problem 13-13(LO13.4)
Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number of shares before completing this problem. (Round your answers to the nearest whole number.)
\table[[Year,Investment Amount,Price per Share,Number of Shares,,],[February 2017,$,2,300,$,44.00,],[February 2018,$,2,300,$,25.00,],[February 2019,$,2,300,$,38.40,],[February 2020,$,2,300,$,46.00,]]
a. At the end of four years, what is the total amount invested?
Total investment
the Oakmark Investor Class Fund. Using dollar cost averaging, calculate the number

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!