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In the 3-month period November 1, 2014, through January 31, 2015, Hess Corp. (HES) stock decreased...

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Basic Math

In the 3-month period November 1, 2014, through January 31,2015, Hess Corp. (HES) stock decreased from $80 to $64 per share,and Exxon Mobil (XOM) stock decreased from $96 to $80 per share. Ifyou invested a total of $26,880 in these stocks at the beginning ofNovember and sold them for $22,080 3 months later, how many sharesof each stock did you buy?

Hess Corp. (HES) stock  shares

Exxon Mobil (XOM) stock

Answer & Explanation Solved by verified expert
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Let the number of HES shares is H and that of XOM is XWhen the shares are bought the price of one HES share is 80and that of XOM is 96 and the    See Answer
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