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Last year Mrs. Long received $160 in dividends on her shares of Company X stock, all of which she had held for the entire year. If she had had 12 more shares of the stock last year, she would have received $15 more in total annual dividends. How many shares of the stock did she [...]
Written by champ on May 17th, 2008 with
6 comments.
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Last year Mrs. Long received $160 in dividends on her shares of Company X stock, all of which she had held for the entire year. If she had had 12 more shares of the stock last year, she would have received $15 more in total annual dividends. How many shares of the stock did she have last year?
(A) 128
(B) 140
(C) 172
(D) 175
(E) 200
GRE Question of the Day by champ on May 17th, 2008 with
6 answers.
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gtbuzz2011
#2.
May 18th, 2008, at 5:11 AM.
it is A, but here is (what I think) an easier solution.
Since 12 more shares would give $15 more in dividends,
one share pays off (15/12) = $1.25
Thus, $160 is paid off from (160/1.25) = 128 shares
nirjal
#3.
May 19th, 2008, at 8:40 AM.
a
karthik
#4.
May 20th, 2008, at 1:08 AM.
the answer is 128
let the number of shares be x..160 corresponds to x..and 175 corresponds to x+12..so we get the equation x+12=175*x/160 and hence x =128
Castle
#5.
May 22nd, 2008, at 12:14 AM.
A
Joel
#6.
May 25th, 2008, at 11:34 AM.
divident per share = 15/12 (15dollars for 12 more shares)
160 / x = 15 / 12
looking at the numbers, x has to be a little more than 120..
(a) is the answer
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#1. May 17th, 2008, at 6:15 PM.
ans. is A.
two equations:
x=no. of shares
y=value per share
x*y = 160
(x+12)*y=175