Over a four-year period, LaKeisha Thompson purchased shares in the Oakmark I Fund. Using the following information, answer the questions that follow. You may want to review the concept of dollar cost averaging in Chapter 12 before completing this problem. I have to round my answers 2 decimal places.
Year Investment Amount Price per Share Number of Shares(?) February 2011 $1,500 $45.00 share(?) February 2012 $1,500 $43.00 share (?) February 2013 $1,500 share $57.00(?) February 2014 $1,500 $65.00 share (?)
a. At the end of four years, what is the total amount invested?
Total investment $ ?
b. At the end of four years, what is the total number of shares purchased?
Total number of shares?
c. At the end of four years, what is the average cost for each share?
Average cost $?
I'm having trouble with especially the number of shares starting with that I need help with this. Numbers of shares is what I really need for Feb 2011, 2012, 2013, and 2014.