What is the simple average of the unit prices

Reference no: EM133557993

Jim started a systematic investment program by buying $350.00 worth of mutual funds on the first day of every month starting on March 1. Mutual funds are purchased in units. Jim purchased as many units as he could with his $350.00, including fractions of units. Unit prices for the first six months were $9.00, $9.60, $10.25, $8.25, $8.80, and $11.95 respectively. Complete parts (a) throu (d) below. (a) What is the simple average of the unit prices?

Reference no: EM133557993

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