Homework Answers
Number of unit purchased = Investment amount/Price per share
Number of unit purchased in 2015 =4300/50 i.e. 86 unit
Number of unit purchased in 2016 = 4300/35 i.e.122.8571 unit
Number of unit purchased in 2017 = 4300/34 i.e.126.4706 unit
Number of unit purchased in 2018 = 4300/46 i.e.93.47826 unit
Total number of unit or shares purchased =86+122.8571+126.4706+93.47826 i.e.428.806 units
Total Investment = 4300*4 i.e.$17200
Average cost =Total Investment/ Total number of unit or shares purchased
=17200/428.806 i.e.$40.11138
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