If You Bought Stock Using Dollar Cost Averaging as Listed

question 80

Multiple Choice

If you bought stock using dollar cost averaging as listed here, what was your average cost? $$\begin{array} { l r l } \text { June 15 } & \$ 50 & 1.75 \text { shares } \\\text { July 15 } & \$ 50 & 1.65 \text { shares } \\\text { August 15 } & \$ 50 & 2.00 \text { shares }\end{array}$$

• A) $27.50
• B) $27.78
• C) $27.96
• D) $28.57
• E) $30.00

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