asked 21.8k views
0 votes
What is the total value of Company H's stock?

(1) Investor P owns \small \frac{1}{4} of the shares of Company H's total stock.
(2) The total value of Investor Q's shares of Company H's stock is $16,000.

asked
User DengApro
by
7.5k points

1 Answer

1 vote

Answer:

Insufficient data

Step-by-step explanation:

Suppose x represents the total value of Company H's stock

Here, we need to find out : value of x.

(1) Investor P owns
\small (1)/(4) of the shares of Company H's total stock

i.e. Investor P's amount in H's stock =
(1)/(4)x

We did not give P's investment.

Thus, data is insufficient to find value of x.

(2) The total value of Investor Q's shares of Company H's stock is $16,000.

Q's share in company H's stock = $16,000

There is no relation between x and Q's share given,

Thus, data is insufficient to find value of x.

Now, when we combined the data (1) and (2),

We still can not find the value of x.

Because, there are also other investors in stock H other than P and Q.

Hence, the data is inadequate to find total value of Company H's stock.

answered
User RodrikTheReader
by
8.2k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.