document.write( "Question 1201493: an investment manager bought a bond of a pharmaceutical company for 5000. The bond yield 4% per year. The manager now wants to buy shares of stock in telecommunication company. The stock sells at $20 perper share and earn a dividend of 0,50 per share per year. How many share should the manager buy so that its yield from the total investment in stocks and bonds higher than 3% per year ? \n" ); document.write( "
Algebra.Com's Answer #835929 by ikleyn(52799)![]() ![]() You can put this solution on YOUR website! .\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The answer by @mananth \" More than 500 shares \" is incorrect.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The correct answer can be obtained if that answer turn inside out.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The correct answer is \" LESS than 500 shares \".\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "See the solution by @greenestamps.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |