<span>3x = y + 7
</span><span> y =3x-7
</span>
<span>8x = 2y + 5
</span><span>8x = 2(3x-7) + 5
8x=6x-14+5
8x-6x=-9
2x=-9
x=-4.5
</span><span>8x = 2y + 5
</span>8(4.5)=2y+5
36=2y+5
2y=31
y=15.5
Troy has a basis of $39 per share
total value of shares is $3900
Step-by-step explanation:
On July 1, the date of the gift, the stock was selling for $39 per share.
Troy's basis in the stock = current value of shares
No need to consider the base rate which is in 15 years ago
The current rate of 100 shares = $39 × 100 = $3900
Troy has a basis of $39 per share
total value of shares is $3900