Am. 112. For four years, Mary Thomas invested $4,200 each year in America Bank stock. The stock was selling for $62 in 2018, for $58 in2019, for $59 in 2020, and for $51 in 2021.a. What is Mary's total investment in America Bank?b. After four years, how many shares does Mary own?Note: Round your intermediate calculations to 1 decimal place. Round up your final answer to the nearest whole unit.c. What is the average cost per share of Mary's investment?Note: Round up your intermediate value of "Total shares" to the nearest whole unit. Round your final answer to 2 decimalplaces.a. Total investmentb. Total sharesc. Average cost per share

Total Investment Is Calculated By Using The Annual Investment Each Year Multiply By The Number Of…

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EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter2: The Domestic And International Financial Marketplace

Section: Chapter Questions

Problem 2P

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or four years, Mary Thomas invested $4,200 each year in America Bank stock. The stock was selling for $62 in 2018, for $58 in 019, for $59 in 2020, and for $51 in 2021. What is Mary's total investment in America Bank? After four years, how many shares does Mary own?