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How many shares did jonas purchase over the two-year period

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Question: Over the past two years, Jonas Cone has used a dollar-cost averaging formula to purchase $300 worth of FCI common stock each month. The price per share paid each month over the two years is given in the following table. Assume that Jonas paid no brokerage commissions on these transactions.

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a. How much was Jonas's total investment over the two-year period?

b. How many shares did Jonas purchase over the two-year period?

c. Use your findings in parts a and b to calculate Jonas's average cost per share of FCI. d. What was the value of Jonas's holdings in FCI at the end of the second year?

Reference no: EM131627223

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