SOLUTION: a company had only two stocks . At the end of the year stock A had gone up 8% and stock B went up 10%. the total profolio which had a value of $10,000 at the beginning of the year
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Question 392014: a company had only two stocks . At the end of the year stock A had gone up 8% and stock B went up 10%. the total profolio which had a value of $10,000 at the beginning of the year went up 9.2% how much was stock A
Answer by robertb(5830) (Show Source): You can put this solution on YOUR website!
1.08x + 1.10(10,000 - x) = 10,000*1.092
==> -0.02x = -80
==> x = 4,000 <--- initial value of stock A,
and 6,000 <--- initial value of stock B.
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