Mathematics, 17.10.2021 06:40 legend101xD

An investment club bought a bond of an oil corp for $5000. The bond yields 8% per year. the club now wants to buy shares of stock in a hospital supply company. The stock sells at $20 per share and earns a dividend of $.50 per share a year. how many shares should the club buy so that its total investment in stocks and bonds yields 5% per year?

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An investment club bought a bond of an oil corp for $5000. The bond yields 8% per year. the club now...

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