Application of System of Two Equations

Application of System of Two Equations

ByHomework Help Classof1

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"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 $340,000. 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 $340,000. 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. "

Details

Publication Date
May 15, 2013
Language
English
Category
Education & Language
Copyright
All Rights Reserved - Standard Copyright License
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By (author): Homework Help Classof1

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PDF

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