An Investor Purchased Shares of Acme Company as Follows: 500

question 159

Multiple Choice

An investor purchased shares of Acme Company as follows: 500 shares @ $10 per share, 10,000 shares @ $6.00 per share, and 1,000 shares at $4.00 per share. What is the investor's average cost per share?

• A) $7.00
• B) $6.00
• C) $6.67
• D) $23,000
• E) $6.50

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Definitions:

Chosen Field

The area of study or professional sector a person has selected to pursue or specialize in.

Probability

The indication of how likely an event is to happen, conveyed through a numerical value between 0 and 1.

Refuse to Cooperate

The act of not agreeing to work with others in a task or to comply with a request.

Canadian Households

The living arrangements of individuals and families residing in Canada, which can influence economic and social statistical analyses.