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30 Jun 2019, 23:47
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D
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
84% (01:51) correct
16%
(01:40)
wrong
based on 43
sessions
History
Date
Time
Result
Not Attempted Yet
If $4,500 was invested in a bond fund when the price per share was $9 and $3,000 was invested in the fund when the price per share was $10, what was the average (arithmetic mean) price per share purchased?
(A) $9.625
(B) $9.50
(C) $9.40
(D) $9.375
(E) $9.20
(A) $9.625
(B) $9.50
(C) $9.40
(D) $9.375
(E) $9.20
01 Jul 2019, 00:08
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Bunuel
So initially 500 shares (4500/9) and later 300 (3000/10) shares were purchased. So total cost - 7500$. Per share is 75/8 IMO D
01 Jul 2019, 00:16
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Bunuel
Total money spent = 7500
Total shares purchased = 800
Average price per share = 7500/800 = 9.375
IMO D
