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Clarence invests $200 at the beginning of each quarter in stock ABC. According to the table below, how many shares of ABC will Clarence own at the end of the year? (For each quarter, assume Clarence buys the maximum amount of stock that he can afford with his $200, and that he cannot buy fractions of stock.)

Clarence Invests 200 At The Beginning Of Each Quarter In Stock ABC According To The Table Below How Many Shares Of ABC Will Clarence Own At The End Of The Year class=

Sagot :

Answer: 51

Step-by-step explanation:

Q1 $200 / $15 = 13.33 or 13

Q2 $200/ $16 = 12.5 or 12 stock

Q3 $200/ $13= 15.38 or 15 stocks

Q4 $200/ $18 = 11.11 or 11 stocks

In total he owns 13+12+15+11= 51 shares

The above strategy of investing is called

Dollar-coast averaging

Answer:

51

Step-by-step explanation:

Q1 $200 / $15 = 13

Q2 $200/ $16 =  12 stock

Q3 $200/ $13=  15 stocks

Q4 $200/ $18 = 11 stocks

he owns 13+12+15+11= 51 shares

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