An investment club bought a bond for $5000, which returns 4% per year. The club now wants to buy some shares. Their preferred shares sell for $20 per share and earn a dividend of $0.50 per share per...

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Extracted text: An investment club bought a bond for $5000, which returns 4% per year. The club now wants to buy some shares. Their preferred shares sell for $20 per share and earn a dividend of $0.50 per share per year. How many shares should the club buy so that its total investment yields 3% per year?|