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

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.)
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Answer #1

a) At the end of four vears, what is the total amount invested - S 3,500 in 2013 +S 3,500 in 2014 - S 3,500 in 2015+S 3,500 in 2016 At the end of four years, what is the total amount invested - (3500 3500+3500+3500) At the end of four vears, what is the total amount invested S14,000 b) Total number of mutual fund shares purchased Price per share No o Year Investment 2013 2014 2015 2016 Shares 3,500 3,500 3,500 3,500 59.00 37.00 34.00 48.00 Total shares 59.32 94.59 102.94 72.92 329.77 c) Average cost for each mutual fund share Total Investment/total number of mutual fund shares purchased Average cost for each mutual fund share-(14000/329.77) Average cost for each mutual fund share- S 42.45/. Approx.

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