Who fared better x or y, share 3 months later $30 per share

Who fared better x or y

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Question: X & Y decided to buy a very volatile stock. X decides to plunge right in and $750 worth of shares Day 1. Y decides to dollar cost average $150 every 3 months. Here are the Stock's prices over that time period: Day 1 $30 per share 3 months later $20 per share 3 months later $30 per share 3 months later $15 per share 3 months later $50 per share Who fared better X or Y? How come?

Reference no: EM133632630

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