Question: The Client agrees to this list (below) but provides several conditions: (1) No more than $3,000,000 can be invested, (2) the money is to be
The Client agrees to this list (below) but provides several conditions: (1) No more than $3,000,000 can be invested, (2) the money is to be spread among at least five investments, (3) no more than one type of bond can be purchased, (4) at least two utility stocks must be purchased, and (5) at least two regular stocks must be purchased. Formulate this as a 0-1 IP problem for Ms. Drexter to maximize expected return. Solve by excel.

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