State values of shares of company x and company y

Reference no: EM13200041

Suppose Bob owns 2,000 shares of Company X and 10,000 shares of Company Y. The total value of Bob's holdings of these two companies is $372,000.

Suppose Frank owns 8,000 shares of Company X and 6,000 shares of Company Y. The total value of Franks holdings of these two companies is $400,000.

a. Write equations for Bob and Frank's holdings. Use the variables X and Y to represent the values of shares of Company X and Company Y.

b. Solve for the value of a share of Company X and Company Y. Show your work so you can get partial credit even if your final answer is wrong.

Reference no: EM13200041

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