Activity 4.8: Dollar Cost Averaging Whitney decides to invest $50 in Rockstar Mutual Fund every month. Here’s a break-out of the transactions for a year: Date of Investment Amount of Investment Cost Per Share Number of Shares Bought Jan. 5 $50 $15.23 3.28 Feb. 5 $50 $16.70 2.99 Mar. 5 $50 $16.04 3.12 April 5 $50 $14.63 3.42 May 5 $50 $13.11 3.81 June 5 $50 $12.84 3.89 July 5 $50 $10.79 4.63 Aug. 5 $50 $11.24 4.45 Sept. 5 $50 $11.97 4.18 Oct. 5 $50 $14.52 3.44 Nov. 5 $50 $16.87 2.96 Dec. 5 $50 $16.45 3.04 $__________ By year’s end, what is the total amount Whitney paid for the fund shares? $__________ How many shares does Whitney own at the end of the year? $__________ What is the value of Whitney’s fund on December 5? $__________ What is the average price Whitney paid per share? $__________ Using the costs shown, what is the overall average cost per share for the 12-month period?
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