Tardex Inc. has only one class of shares. At the end of 2020, the company had 30,000 shares outstanding. The shares had been sold in 3 blocks of 10,000 each. The first block was sold at $8 per share, the second at $9 per share, and the third at $11 per share. Mark Forest acquired 200 shares of the first offering and an additional 300 shares of the second offering. The total PUC of Mark's shares is equal to:

Question

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Total shares outstanding = 30,000

Total amount raised by the company = (10,000*$8)+(10,000*$9)+(10,000*$11) = $280,000

Average price per share = Total amount raised / Total shares outstanding = $280,000 / 30,000 = $9.33

For Mark Forest's shares:

Cost of 200 shares of the first offering = 200*$8 = $1,600

Cost of 300 shares of the second offering = 300*$9 = $2,700

Total PUC of Mark's shares = Cost of shares / Total number of shares = ($1,600+$2,700) / (200+300) = $4,665