Solution-Spend and wants to earn dividends

Spend and wants to earn dividends

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Reference no: EM13964771

Gretchen Schmidt plans to buy shares of two stocks. One costs $32 per share and pays dividends of $1.20 per share. The other costs $23 per share and pays dividends of $1.40 per share. She has $10,100 to spend and wants to earn dividends of $540. How many share of each stock should she buy?

Use the form of " AX=B " equation.

Reference no: EM13964771

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Spend and wants to earn dividends : Gretchen Schmidt plans to buy shares of two stocks. One costs $32 per share and pays dividends of $1.20 per share. The other costs $23 per share and pays dividends of $1.40 per share. She has $10,100 to spend and wants to earn dividends of $540. H..

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Spend and wants to earn dividends

Reference no: EM13964771

Reference no: EM13964771

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