Question: Question 4 ( 3 0 points ) The following stocks are listed on the XYZ Stock Exchange: Each stock has an estimated price volatility (
Question points The following stocks are listed on the XYZ Stock Exchange: Each stock has an estimated price volatility variability measured as a percentage of the base price today. An investor has $ that can be used to purchase stocks, pay commissions and fixed fees if any required by the Stock Exchange. The Stock Exchange charges a commission of of the total value of the shares purchased. The Stock Exchange also charges a fixed fee regardless of the amount purchased of $ for each purchased stock if fewer than shares of that stock are purchased. The $ fixed fee for a stock is is waived if or more shares of a stock is purchased. The investor must purchase enough shares of various stocks to provide an annual dividend income of at least $ and the average price volatility of the stocks purchased average calculated using the total value of shares of each stock purchased as the stock weight should not exceed a points Develop a suitable integer linear model to achieve this investment goal by purchasing integer quantities of each stock in a manner that minimizes the commissions and fees that are paid to the Stock Exchange. Define your decision variables clearly. b points Solve the above formulation using OpenSolver and report the solution. Submit your excel file as well. Hint: Optimal objective function value is $ OPEN SOLVER ZMLETR MSNZ
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