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  1. #1
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    John bought shares of stock in two compaines: S. Inc. and Q. Corp. He purchase a total of 560 shares of stock. S. Inc. pays a dividend of $1.40 per share and Q. Corp. pays a dividend of $1.75 per share. Both dividends are paid annually. After one year John received dividend checks totaling $868. Hoe many shares of each stock doe he owe?
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  2. #2
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    Quote Originally Posted by batman123
    John bought shares of stock in two compaines: S. Inc. and Q. Corp. He purchase a total of 560 shares of stock. S. Inc. pays a dividend of $1.40 per share and Q. Corp. pays a dividend of $1.75 per share. Both dividends are paid annually. After one year John received dividend checks totaling $868. Hoe many shares of each stock doe he owe?
    Hello,

    let the number of shares of s.Inc. be x, then the amount of shares of Q.Corp. is (560-x). Multiply the number of shares with the dividend per share and you'll get the total annual income:
     x \cdot 1.4+(560-x) \cdot 1.75=868
     -0.35 \cdot x+980=868
    Solve this equation for x. You should get x=320. Shares of Q.Corp are then: 240.

    Greetings

    EB
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