An investor purchased 20 shares of a certain stock at a price of $45.75 per share. Later this investor purchased 30 more shares at a price of $46.25 per share. What was the average (arithmetic mean) price per share that this investor paid for the 50 shares?


$45.80

$45.95

$46.00

$46.05

$46.20

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Prep2007E2-PS