Norman and Suzanne own 38 shares of a fast food restaurant stock and 62 shares of...

 

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Norman and Suzanne own 38 shares of a fast food restaurant stock and 62 shares of a toy company stock. At the close of the markets on a particular day in 2004, their stock portfolio consisting of these two stocks was worth $1200.00. The closing price of the fast food restaurant stock was $25 more per share than the closing price of the toy company stock on that day. What was the closing price of each stack on that day? The price per share of the fast food restaurant stock is S Norman and Suzanne own 38 shares of a fast food restaurant stock and 62 shares of a toy company stock. At the close of the markets on a particular day in 2004, their stock portfolio consisting of these two stocks was worth $1200.00. The closing price of the fast food restaurant stock was $25 more per share than the closing price of the toy company stock on that day. What was the closing price of each stack on that day? The price per share of the fast food restaurant stock is S

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Assume the closing price per fastfood restaurant stock was x and ... View the full answer