An investor has up to $450,000 to invest in two types of investments. Type A pays 6%

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An investor has up to $450,000 to invest in two types of investments. Type A pays 6% annually and type B pays 10% annually. To have a well-balanced portfolio, the investor imposes the following conditions. At least one-half of the total portfolio is to be allocated to type A investments and at least one-fourth of the portfolio is to be allocated to type B investments. What is the optimal amount that should be invested in each type of investment? What is the optimal return?
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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