1. Business
  2. Finance
  3. over a fouryear period matt ewing purchased shares in the...

Question: over a fouryear period matt ewing purchased shares in the...

Question details

Over a four-year period, Matt Ewing purchased shares in the Oakmark I Fund. Use the following information:

Year Investment Amount Price per Share
2013 $ 3,500 $ 59
2014 3,500 37
2015 3,500 34
2016 3,500 48
(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? (Round your intermediate calculations and answer to 4 decimal places.)

(c)

At the end of four years, what is the average cost for each mutual fund share? (Round your intermediate calculations to 4 decimal places and answer to 2 decimal places.)

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution