[See Solution] Suppose Bob owns 8000 shares of Company X and 6000 shares of Company Y. The total value of Bob's holdings of these two companies is $680,000.


Question: Suppose Bob owns 8000 shares of Company X and 6000 shares of Company Y.  The total value of Bob's holdings of these two companies is $680,000.

Suppose Frank owns 2000 shares of Company X and 10000 shares of Company Y.  The total value of Franks holdings of these two companies is $680,000.

  1. 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.
  2. 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.

Price: $2.99
Solution: The downloadable solution consists of 1 pages
Deliverable: Word Document

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