In June an investor purchased 320 shares of Oracle an inform
In June, an investor purchased 320 shares of Oracle (an information technology company) stock at $17 per share. In August, she purchased an additional 380 shares at $18 per share. In November, she purchased an additional 440 shares, but the stock declined to $16 per share.
What is the weighted mean price per year? (Round your answer to 2 decimal places)
Weighted Mean: $_____________
Solution
The weighted mean price per year is:
320*17+380*18+440*16/(320+380+440)
=16.94
