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In June, an investor purchased 300 shares of Oracle stock at $20 per share. In August, she purchased an additional 400 shares at $25 per share. In November, she purchased an additional 400 shares, but the stock declined to $23 per share. What is the weighted mean price per share?

Sagot :

abiolataiwo2015

Answer:

$22.91

Explanation:

Calculation for What is the weighted mean price per share

Weighted mean price per share=300 shares*$20 per share+400 shares*$25 per share+400 shares*$23 per share÷300 shares+400 shares+400 shares

Weighted mean price per share=$6,000+$10,000+$9,200/1,100

Weighted mean price per share=$25,200/1,100

Weighted mean price per share=$22.91

Therefore the weighted mean price per share will be $22.91

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