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3 years ago

What is the total value of Company H's stock?

Business

1 answer:

dmitriy555 [2]3 years ago

6 0

Answer:

Insufficient data

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 $\small \frac{1}{4}$ of the shares of Company H's total stock

i.e. Investor P's amount in H's stock = $\frac{1}{4}x$

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.

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