Math Problem Statement
Over the past year, an investor bought common stock of Corporation A on three occasions at the following prices.
Date Price per Share Number of Shares January $19.58 115 July $24.06 125 December $29.54 95 Calculate the average price per share at which the investor bought these shares.
Solution
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Math Problem Analysis
Mathematical Concepts
Weighted Average
Arithmetic
Formulas
Weighted Average Price = (P1 * N1 + P2 * N2 + P3 * N3) / (N1 + N2 + N3)
Theorems
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Suitable Grade Level
Grades 9-12