Net Asset Values at the End of Each Month for the No-Load

question 12

Essay

Net asset values at the end of each month for the no-load Currier & Ives fund are shown below. Holly Tannenbaum invests $500 in the fund each month through an automatic investment plan. Compute:
a. the number of shares purchased each month
b. the number of shares she owns at the end of December
c. the average price of the shares over the period
d. the average price per share paid by Holly
$\begin{array}{|l|l|l|}\hline \text { Month } & \begin{array}{l}\text { NAV end of } \\\text { month }\end{array} & \begin{array}{l}\text { Shares } \\\text { purchased }\end{array} \\\hline \text { July } & 12.85 & \\\hline \text { August } & 11.08 & \\\hline \text { September } & 9.99 & \\\hline \text { October } & 9.85 & \\\hline \text { November } & 13.55 & \\\hline \text { December } & 12.21 & \\\hline & & \\\hline\end{array}$

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Definitions:

Critical Incident Method

A job analysis method by which important job tasks are identified for job success

Recency Error

A bias in performance evaluations where more weight is given to recent events or achievements, overlooking the employee's overall performance period.

Motivation

The driving force behind individuals' actions, desires, and needs, influencing their behavior towards achieving certain goals.

Performance Evaluation

The assessment of an employee's job performance over a specific period, used for feedback and development purposes.