# a. What is the cost of borrowing if Amarjit borrows $28 500 and repays it over a

## Question:

b. How many shares of each stock would he get if he used the $28 500 and invested equally in all four companies?

c. Suppose Amarjit decided to buy shares in only TELUS and Goldcorp. How many shares of each would he get if he used the $28 500 and bought three times as many shares of TELUS as he bought of Goldcorp?

d. Suppose Amarjit decided to buy shares in only International Forest Products and the Bank of Montreal. How many shares of each company would he get if he used the $28 500 and bought two shares of the Bank of Montreal for every three shares of International Forest Products?

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**Related Book For**

## Contemporary Business Mathematics with Canadian Applications

**ISBN:** 978-0133052312

10th edition

**Authors:** S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs