I have a question relating to share trading, I hope someone can help me out with.
Here is the scenario:
I buy 120,000 shares in stock AAA at $1.00 per share.
I buy another 57,000 shares in stock AAA at $1.46 per share.
I then buy 80,000 shares in AAA at $0.96 per share.
To sum this up, I have 257,000 shares. (120,000 + 57,000 + 80,000)
and this cost a total of $280,020.
((120,000 x 1) + (57,000 x 1.46) + (80,000 x 0.96))
Therefore my average price per share is 257,000 / 280,020
= $0.91779158 per share.
I decide to transfer 100,000 shares to a friend using this price.
So the question is: How many shares do I need to sell from each parcel to get the average price per share?
I would love it if someone could post the steps involved to work this out.