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In April 2 0 1 1 , Consolidated Edison ( ED ) stock cost $ 5 0 per share and yielded 5 % per year

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 $53,000 in these stocks and earned $2,850 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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