document.write( "Question 1173549: You are considering a hypothetical $1,200 investment in a media company's stock. Your choice is to invest the money all at once or dollar-cost average at the rate of $100 per month for one year. Assume that the company allows you to purchase \"fractional\" shares of its stock.\r
\n" ); document.write( "\n" ); document.write( "If you invested all of the money in January and bought the shares for $12 each, how many shares could you buy? \n" ); document.write( "

Algebra.Com's Answer #798766 by Theo(13342) $\"\"$ $\"About$

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1200 / 12 = 100 shares if you bought them all at once.
\n" ); document.write( "if you bought them with 100 dollars each month, then you would buy 100/12 = 8.333333333..... shares per month.
\n" ); document.write( "that would be 100/12 = 50/6 = 25/3 shares each month if you can buy them in fractional form.
\n" ); document.write( "if you are allowed to buy by amount of money instead of by number of shares, then 1200 one time up front or 100 dollars each month.
\n" ); document.write( "the stock broker will calculate the fractions of shares for you.\r
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\n" ); document.write( "\n" ); document.write( "the answer to your question, i think, is that you would buy 1200 / 12 = 100 shares if you invested all of the money in january.\r
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