Rory invested a total of $7800 in shares of ABC Ltd. and XYZ Inc. One year later

Question:

Rory invested a total of $7800 in shares of ABC Ltd. and XYZ Inc. One year later the investment was worth $9310, after the shares of ABC had increased in value by 15% and the shares of XYZ were up 25%. How much did Rory invest in each company?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 06:34 AM

See More Questions

Consider an investment that pays off $800 or $1,400 per $1,000 invested with equal probability. Suppose you have $1,000 but are willing to borrow to increase your expected return. What would happen...
1. A stock sells at $15 per share. (a) What is the EPS for the company if it has a P/E ratio of 20? (b) If the companys dividend yield is 3 percent, what is its dividend per share? (c) What is the...
You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20,000 (buying 1,000 shares of a price of $20 per share) by using $10,000 of your own funds and borrowing...
Write a filter KamasutraCipher that takes two strings as command-line argument (the key strings), then reads strings (separated by whitespace) from standard input, substitutes for each letter as...
EMM, Inc. has the following balance sheet: a. If the firm expects sales to rise from $20,000 to $25,000, what are the forecasted levels of accounts receivable, accounts payable, and inventory? b....
Consider the network shown in Scenario 2 in Section 3.6. 1. Suppose both sending hosts A and B have some fixed timeout values. a. Argue that increasing the size of the finite buffer of the router...
Estimate as best you can the values of the regression coefficients b0 and b1.
Maturity The Dorsett Corporation issued $600,000 of 13% bonds on January 1, 2006 for $614,752.24. The bonds are due December 31, 2008, were issued to yield 12%, and pay interest semiannually on June...
Help me answer these please i need to prepare. show work please. What exactly do you need to help answer this study guide? board Font Paragraph Voice 1. All other factors remaining the same, the U.S....
It is 1 January 1997. Normal America, Inc. (NA) has paid a year-end dividend in each of the last 10 years, as shown by the table below: a. Calculate NA?s ? with respect to the S&P 500. b. Suppose...
Deanna is paid a base salary plus commission. On sales of $27,000 and $35,500 in two successive months, her gross pay was $2815.00 and $3197.50, respectively. What are her base salary and commission...
A hockey arena has 2500 seats in the preferred red sections near centre ice and 4500 seats in the less desirable blue sections. At regular season prices, a sell-out would generate ticket revenue of...
Post the following adjusting entries that came from the adjustments section of the worksheet to the T accounts and be sure to cross-reference back to the journal. (UseFigure). LEDGER ACCOUNTS BEFORE...
GATE 2024-EE Question
GATE 2024-EE Question
GATE 2024-EE Question
What is Netduino?
What is Appolonius theorem?
Good Time plc is a regional chain department store. It will remain in business for one more year. The probability of a boom year is 60 per cent and the probability of a recession is 40 per cent. It...
Suppose that a flow network G = (V, E) violates the assumption that the network contains a path s t for all vertices V. Let u be a vertex for which there is no path s u t. Show that there must...
(Appendix) What are the four steps involved in finding differences between the balance per books and balance per bank?
Rye years ago, Ms. Holliday received a mortgage loan from Scotiabank for $260,000 at 6.8% compounded semiannually for a five-year term. Monthly payments were based on a 25-year amortization. The bank...
An annuity providing a rate of return of 3.9% compounded monthly was purchased for $45,000. The annuity pays $400 at the end of each month. a. How much of Payment 37 will be interest? b. What will be...
The interest rate for the fast three years of an $280,000 mortgage loan is 4.8% compounded semiannually. Monthly payments are calculated using a 25-year amortization. a. What will be the principal...
Compute the value of ordinary bonds under the following circumstances assuming that the coupon rate is 0.06:(either the correct formula(s) or the correct key strokes must be shown here to receive...
A tax-exempt municipal bond has a yield to maturity of 3.92%. An investor, who has a marginal tax rate of 40.00%, would prefer and an otherwise identical taxable corporate bond if it had a yield to...
Please note, kindly no handwriting. Q. Suppose a 3 year bond with a 6% coupon rate that was purchased for $760 and had a promised yield of 8%. Suppose that interest rates increased and the price of...

Rory invested a total of $7800 in shares of ABC Ltd. and XYZ Inc. One year later

Question:

Step by Step Answer:

Given Total initial investment 7800 Value 1 year later 9310 Percent change in ...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions