Mr. Jones has $9000 to invest in three types of stocks: low-risk, medium-risk, and high-risk. He invests

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Mr. Jones has $9000 to invest in three types of stocks: low-risk, medium-risk, and high-risk. He invests according to three principles. The amount invested in low-risk stocks will be at most $1000 more than the amount invested in medium-risk stocks. At least $5000 will be invested in low- and medium-risk stocks. No more than $7000 will be invested in medium- and high-risk stocks. The expected yields are 6% for low-risk stocks, 7% for medium-risk stocks, and 8% for high-risk stocks. How much money should Mr. Jones invest in each type of stock to maximize his total expected yield?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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