The following question is based on the following information about the stocks of Whitestone REIT, HCC Insurance Holdings, Inc., and SanDisk Corporation.

Price ($)

WSR (WSR Whitestone REIT) $16

HCC (HCC Insurance Holdings, Inc.) $56

SNDK (SanDisk Corporation) $80

Dividend Yield (%)

WSR (WSR Whitestone REIT) 7%

HCC (HCC Insurance Holdings, Inc.) 2%

SNDK (SanDisk Corporation) 2%

You invested a total of $10,400 in shares of the three stocks at the given prices, and expected to earn $248 in annual dividends. If you purchased a total of 200 shares, how many shares of each stock did you purchase?

Answer rating: 100% (QA)

Step 1 Given REIT HCC Price 16 56 SNDK 80 Dividend Yield 7 2 2 Let ... View the full answer