An investor has made purchases of an equity stock on several different dates over the...
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Accounting
An investor has made purchases of an equity stock on several different dates over the past year. In the event that the investor wants to sell, the investor wants to know the weighted, average price ($/share.) that was paid for the equity stock (for the purpose of estimating capital gains and tax liability). Listed below are the different dates when the equity was purchase, along with their respective share price and total number of shares purchased. What is the weighted, average price ($/share.) that the investor paid for equity stock over the course of the year. Date Share Price ($/share) Shares 10-Feb $35.25 400 10-Mar $39.10 200 10-Apr $34.75 500 10-May $41.50 100 10-Jun $37.30 350
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