In June, an investor purchased 310 shares of Oracle (an information technology c

Question

In June, an investor purchased 310 shares of Oracle (an information technology company) stock at $21 per share. In August, she purchased an additional 480 shares at $27 per share. In November, she purchased an additional 480 shares, but the stock declined to $23 per share.

In June, an investor purchased 310 shares of Oracle (an information technology company) stock at $21 per share. In August, she purchased an additional 480 shares at $27 per share. In November, she purchased an additional 480 shares, but the stock declined to $23 per share.

Explanation / Answer

weighted mean price per share= (310*21+480*27+480*23)/(310+480+480)=24.02

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