Question: Static Electrical stock cost $ 4 5 . 5 0 per share, was expected to yield 4 . 7 5 % per year in dividends,

Static Electrical stock cost $45.50 per share, was expected to yield 4.75% per year in dividends, and had a risk index of 1.7, while Daylight Electrical stock also cost $60.25 per share, was expected to yield 5.2% per year in dividends, and had a risk index of 3.5. An investor wishes to invest up to $45,000 in these two stocks and would like to earn at least $2,100 in dividends over the course of a year. How many shares of each stock (rounded to the nearest possible whole stock) should they purchase to meet their requirements and minimize the total risk for their portfolio? [NOTE: The total risk for a stock is: (risk index) x (shares of stock); so, for 10 shares of Static Electrical Stock, the total risk is (1.7) x (10)=17] Static Electrical=
Daylight Electrical=

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