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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Definitions:

Delivery Expense

Costs incurred by a company to transport its products to customers, including freight, shipping, and handling fees.

Trade Discounts

Reductions in the listed price of goods or services offered to customers, usually based on volume purchased or early payment.

Customer Discount

A reduction in the price offered to customers, often as an incentive for early payment or as part of promotional efforts.

Sales Tax

A tax imposed by governments on the sale of goods and services, collected by the retailer at the point of purchase.