Concept explainers
To find:The shares of each stock the investor owns.
Answer to Problem 26E
The required answer is the total shares the investor own from Stock A is 80 and from Stock B is 120.
Explanation of Solution
Given information:
An investor owns shares of Stock A and Stock B. The investor owns a total of 200 shares with a total value of $4000.
Calculation:
Total shares
Total value
Let shares of stock A be
And shares of stock B be
Therefore,
(Subtract y from both sides)
(Equation 1)
Again,
(Simplify)
(Subtract 1900 from both side)
(Simplify)
(Divide by 17.5 on both sides)
(Simplify)
Therefore, from equation 1 we get:
(Putting the value of y)
Therefore, the total shares the investor owns from stock A is 80 and from stock B is 120.
Chapter 5 Solutions
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