A company offers three mutual fund plans for its employees. Plan I consists of 4 blocks of

Question:

A company offers three mutual fund plans for its employees. Plan I consists of 4 blocks of and 2 municipal bonds. Plan II consists of 8 blocks of common stock, 4 municipal bonds, and 6 blocks of preferred stock. Plan III consists of 14 blocks of common stock, 6 municipal bonds, and 6 blocks of preferred stock. An employee wants to combine these plans so that she has 84 blocks of common stock, 40 municipal bonds, and 36 blocks of preferred stock. How many units of each plan does she need?
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...