In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in dividends, while National Grid (NGG) stock cost $50 per share and yielded 6% per year in dividends.† If you invested a total of $46,500 in these stocks and earned $2,490 in dividends in a year, how many shares of each stock did you purchase? (Assume the dividend rate was unchanged for the year.) ED Shares ?? NGG Shares ??
In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in dividends, while National Grid (NGG) stock cost $50 per share and yielded 6% per year in dividends.† If you invested a total of $46,500 in these stocks and earned $2,490 in dividends in a year, how many shares of each stock did you purchase? (Assume the dividend rate was unchanged for the year.) ED Shares ?? NGG Shares ??
Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter2: Working With Real Numbers
Section2.3: Rules For Addition
Problem 6P
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In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in dividends, while National Grid (NGG) stock cost $50 per share and yielded 6% per year in dividends.† If you invested a total of $46,500 in these stocks and earned $2,490 in dividends in a year, how many shares of each stock did you purchase? (Assume the dividend rate was unchanged for the year.)
ED Shares ??
NGG Shares ??
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