Mathematics, 30.01.2021 03:50 agrenfroe
In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in dividends, while National Grid (NGG) stock cost $50 per share and yielded 6% per year in dividends.†If you invested a total of $46,500 in these stocks and earned $2,475 in dividends in a year, how many shares of each stock did you purchase? (Assume the dividend rate was unchanged for the year.)
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In April 2011, Consolidated Edison (ED) stock cost $50 per share and yielded 5% per year in dividend...
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