FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mary has a total of $ 11,536 Invested in stock/A and stock B Suppose stock. A is currently worth $32 pm share and stock B

Mary has a total of $ 11,536 Invested in stock/A and stock B Suppose stock. A is currently worth $32 pm share and stock B is currently worth 88 per share. If stock A increases by $20 and stock B increases by 14 her total investment will be worth 14,564 How many shares of each of the stocks does Mary own?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Step 1 formulation of linear equation let x and y represent number of stock A and B respect... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Risk Management and Financial Institutions

Risk Management and Financial Institutions

Authors: Hull John

4th edition

1118955943, 978-1118955949

More Books

Students also viewed these Mathematics questions

Question

★★★★★
Suppose that a bank has a total of $10 million of small exposures of a certain type. The one-year probability of default is 1% and the recovery rate averages 40%. Estimate the 99.5% one-year credit...

Answered: 1 week ago

Question

★★★★★
A thin 12-cm-long solenoid has a total of 420 turns of wire and carries a current of 2.0A. Calculation the field inside near the center

Answered: 1 week ago

Question

★★★★★
A call center has a total of 12 telephone lines coming into its customer service department, which is staffed by 5 customer service representatives. On average, 2 potential customers call every...

Answered: 1 week ago

Question

★★★★★
BACKGROUND The company, North S.L., has the following information in the Balance Sheet and Profit and Loss Account for 2016, before calculating its Corporate Tax: BALANCE SHEET ASSETS LIABILITIES...

Answered: 1 week ago

Question

★★★★★
Are normal accounts receivable and accounts payable financial instruments? Are these items shown in the balance sheet at their present values? Explain.

Answered: 1 week ago

Question

★★★★★
Solve Problem 13 using a function for net present value, such as @NPV (x, range) in Excel.

Answered: 1 week ago

Question

★★★★★
What are the null and alternative hypotheses tested by the ????-ratio in the ANOV table?

Answered: 1 week ago

Question

★★★★★
Plastic Products, LLC, manufactures plastic beverage bottles. The division that manufactures water bottles for the North American market has two plants that operate 24 hours a day, 365 days a year....

Answered: 1 week ago

Question

★★★★★
The Blending Department of Bavarian Chocolate Company had 2300 units in work in process at the beginning of the period, which were 60% complete. During the period, 25,700 units were completed and...

Answered: 1 week ago

Question

★★★★★
Complete Form 941 for the 4th quarter for TCLH Industries (which is located at 202 Whitmore Avenue, Durham, NC 27701; Employer Identification #44-4444444). Assume that all necessary deposits were...

Answered: 1 week ago

Question

★★★★★
A manufacturing company produces 18,000 units of a product with fixed costs of $180,000 and variable costs of $8 per unit. If the selling price per unit is $35, calculate the company's total profit.

Answered: 1 week ago

Question

★★★★★
Two precepts of Operations Management are efficiency and effectiveness. Efficiency is important in many areas of Operations as it can affect cost and schedule. Effectiveness however takes on another...

Answered: 1 week ago

Question

★★★★★
A hospital (or other provider or supplier) hosts an informational program to help patients with diabetes learn more about controlling their disease. To encourage participation, dinner will be...

Answered: 1 week ago

Question

★★★★★
According to the Holistic University Website Management reading, what team the backbone of the web team structure since it is responsible for the technical, quality, and operational aspects of the...

Answered: 1 week ago

Question

★★★★★
11. [p. 15] What is the equation preload and bolt size? used to calculate required Calculate fastener the tightening torques for the 20 fastener, a grade 8, -20 fastener and a grade 8, 14-28 faster...

Answered: 1 week ago

Question

★★★★★
Comfort with public disagreement is a big source of conflict on cross-cultural teams. Members from cultures that place a high value on "face" and group harmony may be averse to confrontation because...

Answered: 1 week ago

Question

★★★★★
Digital Fundamental. QUESTION 4 (20 marks) Design an Adder Subtractor circuit that performs 2s complement addition and subtraction for two 4-bit numbers A-A3AzAAo and B-BB2B,Bo You may use the...

Answered: 1 week ago

Question

★★★★★
This problem continues the Draper Consulting, Inc., situation from Problem 12-45 of Chapter 12. In October, Draper has the following transactions related to its common shares: Oct 1 Draper...

Answered: 1 week ago

Question

★★★★★
Suppose that the change in a portfolio value for a one-basis-point shift in the 1-year, 2-year, 3-year, 4-year, 5-year, 7-year, 10-year, and 30-year rates are (in $ million) +5, 3, 1, +2, +5, +7, +8,...

Answered: 1 week ago

Question

★★★★★
A bank has written European a call option on one stock and a European put option on another stock. For the first option, the stock price is 50, the strike price is 51, the volatility is 28% per...

Answered: 1 week ago

Question

★★★★★
Consider a European call option on a non-dividend-paying stock where the stock price is $52, the strike price $50, the risk-free rate is 5%, the volatility is 30%, and the time to maturity is one...

Answered: 1 week ago

Question

★★★★★
5. What would happen to a pain sensation if glutamate receptors in the spinal cord were blocked? What if substance P receptors were blocked?

Answered: 1 week ago

Question

★★★★★
1. Why is the vestibular sense generally useless under conditions of weightlessness?

Answered: 1 week ago

Question

★★★★★
4. How do jalapeos produce a hot sensation?

Answered: 1 week ago

Previous Question Next Question