Question: Problem 16-14 Using Dollar Cost Averaging [LO16-4] Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information:
Problem 16-14 Using Dollar Cost Averaging [LO16-4] Over a four-year period, Matt Ewing purchased shares in the ClearBridge Large-Cap Value Fund. Use the following information: 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 mutual fund shares purchased? Note: Round your intermediate calculations and answer to 1 decimal place. c. At the end of four years, what is the average cost for each mutual fund share? Note: Round your intermediate calculations to 1 decimal place and answer to 2 decimal places
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
