Over a four-year period, Matt Ewing purchased shares in the Oakmark I Fund. Use the...
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Finance
| 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 | $ 3,000 | $ 40 |
| 2014 | 3,000 | 45 |
| 2015 | 3,000 | 42 |
| 2016 | 3,000 | 50 |
| (a) | At the end of four years, what is the total amount invested? |
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| (b) | At the end of four years, what is the total number of mutual fund shares purchased? (Round your intermediate calculations and answer to 1 decimal place.) |
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| (c) | At the end of four years, what is the average cost for each mutual fund share? (Round your intermediate calculations to 1 decimal place and answer to 2 decimal places.) |
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