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Find how much is the average unit cost of total investment

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Question 1: Hally Inc. bought 5,000 shares of Pop Company par $100 at $120 in March 2020 Hally Inc. received a share dividend of 1 share for every 5 owned on August 30, 2020. On September 15, 2020, the entity received a cash dividend of $10 per share. On October 1, 2020, Hally Inc. was granted the right to purchase 1 share at $105 for every 4 rights held. The share had a market value of $115 and the right had a value of $5 on the date the rights were received. On December 15, 2020, the company sold 2,000 rights at $7.50 and exercised the remaining rights. How much is the average unit cost of the total investment as of December 31, 2020?

Reference no: EM132895739

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