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August 22, 2014

Homework Help: Math problem

Posted by Kevin on Monday, October 29, 2012 at 3:33am.

Mrs. Jones owns 4/7 of the stock in a small business and Mrs.Brown owns the rest. Mrs. smith agrees to give $21,000 in exchange for 1/3 of the stock. The $21,000is to be divided between Mrs. jones and Mrs. Brown so that all three will now have equal share of stock. How much of the $21,000 should Mrs. Jones receive?

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