Question
Matthew Reeves has $ 26,000 invested in stock A and stock B. Stock A currently sells for $ 20 a share and stock B sells
Matthew Reeves has $26,000 invested in stock A and stock B. Stock A currently sells for $20 a share and stock B sells for $80 a share. If stock B doubles in value and stock A goes up50%, his stock will be worth $47,000. How many shares of each stock does he own?
____ shares of stock A
____ shares of stock B
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An Introduction to the Mathematics of Financial Derivatives
Authors: Ali Hirsa, Salih N. Neftci
3rd edition
012384682X, 978-0123846822
