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

  1. 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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