During the first quarter of 2015, Plains All American Pipeline L.P. (PAA) stock cost $50 per share and was expected to yield 5% per year in dividends, while Total SA (TOT) stock cost $50 per share and was expected to yield 6% per year in dividends. If you invested a total of $47,500 in these stocks and expected to earn $2,535 in dividends in a year, how many shares of each stock did you purchase?

PAA stock = ______ shares

TOT stock = ______ shares

Answer rating: 100% (QA)

Let x be the number of shares of PAA stock and y be the number of shares of TOT stock The total ... View the full answer