Question: A client has approached a stockbroker with the following request: invest $100,000 for maximum annual income under the three conditions: Spread the investment over no
- A client has approached a stockbroker with the following request: invest $100,000 for maximum annual income under the three conditions:
Spread the investment over no more than three different stocks
Put no more than 40 percent of the money into any one stock
Put a minimum of $10,000 into oil stock
The broker has identified three stocks for the investing the funds. Their estimated annual returns and price per share are shown in the following table:
| Stock | Price/share | Estimate Annual return/share |
| Oil | $120 | $11 |
| Auto | $52 | $4 |
| Pharmaceutical | $18 | $2 |
Formulate & solve a linear programming model to determine the investment so as to maximize the total estimated returns.
Need help with the excel portion of this please.
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