A person has $28,000 invested in stock A and stock B. Stock A currently sells for $20 a share and stock B sells for $60 a share. If stock B triples in value and stock A goes up 50%, his stock will be worth $69,000. How many shares of each stock does he own? The person owns nothing shares of stock A and nothing shares of stock B.

A person has $28,000 invested in stock A and stock B. Stock A currently sells for $20 a share and stock B sells for $60 a share. If stock B triples in value and stock A goes up 50%, his stock will be worth $69,000. How many shares of each stock does he own? The person owns nothing shares of stock A and nothing shares of stock B.

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

Problem 2STP

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