Mr. Oduste owns two kinds of stock shares: r shares of stock x and r shares of stock y. stock x yields an annual dividend of 2%, while stick y yields an annual dividend of 6%. If mr. Oduste were to sell all of his shares of stock x and use that money to buy shares of stock y, by what percent would his annual dividend increase.
qa is a.
I was sure that answer C is correct. I plugged in numbers and cant understand how a can be solution. IF we dont know the actual values of of the stock, then the increases can be much different from case to case!
Help!
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kaplan 800 word problem
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Answers missing or just me?
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statement 1. Each share of stock x costs twice as much as each share or stock Y.
statement 2. each share of stock y costs $45
statement 2. each share of stock y costs $45
Appetite for 700 and I scraped my plate!
