9514 1404 393
Answer:
- 5000 shares of stock fund
- 6000 shares of bond fund
Explanation:
Let b represent the number of shares of the bond fund owned. Then the value of the pension fund is ...
15b +12(11000-b) = 150000
3b = 18000 . . . . . . . . . . subtract 130,000
b = 6000 . . . . . . . . . shares of bond fund
11000 -b = 5000 . . . shares of stock fund