A young couple with a $120,000 inheritance wants to invest all this money. They plan to diversify their investments, choosing some of each of the following types of stock.

Their strategy is to have the total investment in growth stocks equal to the sum of the other investments, and their goal is a 13% growth for their investment. How many shares of each type of stock should they purchase?

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Expected Total Growth/Share Туре Cost/Share Growth $ 30 $ 4.60 Blue-chip Utility 100 11.00 50 5.00