nvesting: Lesser-Known Stocks The following question is based on the following information about the stocks of Whitestone REIT, HCC Insurance Holdings, Inc., and SanDisk Corporation.† Price ($) Dividend Yield (%) WSR (WSR Whitestone REIT) 16 7 HCC (HCC Insurance Holdings, Inc.) 56 2 SNDK (SanDisk Corporation) 80 2 You invested a total of $14,400 in shares of the three stocks at the given prices, and expected to earn $328 in annual dividends. If you purchased a total of 250 shares, how many shares of each stock did you purchase? having trouble solving i have set up as x+y+z=250 16x+56y+80z=14,400 .7(16x)+.2(56y)+.2(80z)=248
nvesting: Lesser-Known Stocks The following question is based on the following information about the stocks of Whitestone REIT, HCC Insurance Holdings, Inc., and SanDisk Corporation.† Price ($) Dividend Yield (%) WSR (WSR Whitestone REIT) 16 7 HCC (HCC Insurance Holdings, Inc.) 56 2 SNDK (SanDisk Corporation) 80 2 You invested a total of $14,400 in shares of the three stocks at the given prices, and expected to earn $328 in annual dividends. If you purchased a total of 250 shares, how many shares of each stock did you purchase? having trouble solving i have set up as x+y+z=250 16x+56y+80z=14,400 .7(16x)+.2(56y)+.2(80z)=248
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Investing: Lesser-Known Stocks The following question is based on the following information about the stocks of Whitestone REIT, HCC Insurance Holdings, Inc., and SanDisk Corporation.†
| Price ($) |
Dividend Yield (%) |
|
|---|---|---|
| WSR (WSR Whitestone REIT) |
16 | 7 |
| HCC (HCC Insurance Holdings, Inc.) |
56 | 2 |
| SNDK (SanDisk Corporation) |
80 | 2 |
You invested a total of $14,400 in shares of the three stocks at the given prices, and expected to earn $328 in annual dividends. If you purchased a total of 250 shares, how many shares of each stock did you purchase?
having trouble solving
i have set up as
x+y+z=250
16x+56y+80z=14,400
.7(16x)+.2(56y)+.2(80z)=248
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