Question
Sarah Simmons has $47,000 invested in stock A and stock B. Stock A currently sells for $40 a share and stock B sells for $70
Sarah Simmons has $47,000 invested in stock A and stock B. Stock A currently sells for $40 a share and stock B sells for $70 a share. If stock B triples in value and stock A goes up 50%,
her stock will be worth $123,000. How many shares of each stock does she own?
Sarah owns ___shares of stock A and ___ shares of stock B.
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Financial Markets And Institutions
Authors: Jeff Madura
8th Edition
0324568215, 978-0324568219
