Multiple Choice
In an Individual Retirement Account (IRA) valued at $49,050, a couple has 450 shares of stock, some in Big Bank Corporation and some in Safe Savings and Loan. If Big Bank sells for $115 per share and Safe Savings sells for $97 per share, how many shares of each does the couple own?
A) 300 shares of Big Bank Corporation and 150 shares of Safe Savings and Loan
B) 310 shares of Big Bank Corporation and 160 shares of Safe Savings and Loan
C) 150 shares of Big Bank Corporation and 300 shares of Safe Savings and Loan
D) 300 shares of Big Bank Corporation and 160 shares of Safe Savings and Loan
E) 310 shares of Big Bank Corporation and 150 shares of Safe Savings and Loan
Correct Answer:
Verified
Correct Answer:
Verified
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