During the first quarter of 2015, Plains All American Pipeline L.P. (PAA) stock cost $50 per share and was expected to yield 5% per year in dividends, while Total SA (TOT) stock cost $50 per share and was expected to yield 6% per year in dividends.† If you invested a total of $50,000 in these stocks and expected to earn $2,655 in dividends in a year, how many shares of each stock did you purchase?   PAA stock shares ?? TOT stock shares ??

Question
During the first quarter of 2015, Plains All American Pipeline L.P. (PAA) stock cost $50 per share and was expected to yield 5% per year in dividends, while Total SA (TOT) stock cost $50 per share and was expected to yield 6% per year in dividends.† If you invested a total of $50,000 in these stocks and expected to earn $2,655 in dividends in a year, how many shares of each stock did you purchase?
 
PAA stock shares ??
TOT stock shares ??

Expert Answer

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times vary by subject and question complexity. Median response time is 34 minutes and may be longer for new subjects.
Tagged in

Related Algebra Q&A

Find answers to questions asked by students like you.