average cost

Discussion in 'Trading' started by katrinastouch, Feb 8, 2008.

  1. If I buy a stock for 3.35 X 1000 shares and bought more for 3.45 X 500 shares, how much is my average cost?
     

  2. $3.35 * 1,000 = $3,350
    $3.45 * 500 = $1,725

    1725+3350 = $5,075

    $5,075 / 1,500 shares = Your Answer

    Go do it yourself so you'll learn it better (and don't forget commissions)
     
  3. Thank you.