17. You own 1,260 shares in Corporation X that are worth $40 per share. Your cousin o ers to trade you his 700 shares in Corporation Y that are worth $55 per share and will add $10,000 in cash. Should you make the trade?

17. You own 1,260 shares in Corporation X that are worth $40 per share. Your cousin o ers to trade you his 700 shares in Corporation Y that are worth $55 per share and will add $10,000 in cash. Should you make the trade?

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter19: The Basic Tools Of Finance

Section: Chapter Questions

Problem 4PA

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17. You own 1,260 shares in Corporation X that are
worth $40 per share. Your cousin o° ers to trade
you his 700 shares in Corporation Y that are worth
$55 per share and will add $10,000 in cash. Should
you make the trade?

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