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Mr. Bobby bought 50 shares at $60, and 2 months later purchased 25 shares a $56.at what price should he purchase 25 additional shares in order to have an average price $58 per share?

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2 answers

  1. (50*60 + 25*56 + 25x)/(50+25+25) = 58

    now solve for x

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  2. 56

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