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An investor purchased 20 shares of a certain stock at a price of $45.75 per share. Later this investor purchased 30 more shares at a price of $46.25 per share. What was the average (arithmetic mean) price per share that this investor paid for the 50 shares?

Respuesta :

jepessoa

Answer:

$46.05 per stock

Explanation:

In order to determine the average stock price paid by the investor, just add both amounts paid for the stocks at the two different prices and then divide by 50:

[(20 x $45.75) + (30 x $46.25)] / 50 = ($915 + $1,387.50‬) / 50 = $2,302.50 / 50 = ‬$46.05

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