The following question is based on the following information about the stocks of KT Corporation, International Flavors & Fragrances, and Quality Systems. PriceDividend YieldKT (KT Corporation)$167%IFF (InternationalFlavors & Fragrances)$562%QSII (Quality Systems)$802%You invested a total of $11,600 in shares of the three stocks at the given prices, and expected to earn $272 in annual dividends. If you purchased a total of 200 shares, how many shares of each stock did you purchase?KT IFF QSII

To find the number of shares in each company, by sletting up three equations in the three unknowns

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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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The following question is based on the following information about the stocks of KT Corporation, International Flavors & Fragrances, and Quality Systems.

	Price	Dividend Yield
KT (KT Corporation)	$16	7%
IFF (International Flavors & Fragrances)	$56	2%
QSII (Quality Systems)	$80	2%

You invested a total of $11,600 in shares of the three stocks at the given prices, and expected to earn $272 in annual dividends. If you purchased a total of 200 shares, how many shares of each stock did you purchase?

KT
IFF
QSII

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