in sep 2018 td bank issued the new series 20 preffered shares in sep you bought 100 shares for $25
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In September 2018, TD Bank issued the new "Series 20"preferred shares. In September, you bought 100 shares for $25 per share, in November you bought 80 more shares for $24 per share and in December bought another 220 shares for $21 per share. (a) Calculate the average price you paid per share. Answer=$ 22.6 per share (b) The price of ID shares recently fell to $20/share so you are considering buying more shares. How many more shares would you need to buy to reduce the overall average price paid to $21.25/share? Answers 618 shares (
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