Question: Use excel sheet and please do attach the excel sheet for reference. 7. Investment Advisors, Inc., is a brokerage firm that manages stock portfolios for

Use excel sheet and please do attach the excelUse excel sheet and please do attach the excelUse excel sheet and please do attach the excel

Use excel sheet and please do attach the excel sheet for reference.

7. Investment Advisors, Inc., is a brokerage firm that manages stock portfolios for a num- ber of clients. A particular portfolio consists of U shares of U.S. Oil and H shares of Huber Steel. The annual return for U.S. Oil is $3 per share and the annual return for Huber Steel is $5 per share. U.S. Oil sells for $25 per share and Huber Steel sells for $50 per share. The portfolio has $80,000 to be invested. The portfolio risk index (0.50 per share of U.S. Oil and 0.25 per share for Huber Steel) has a maximum of 700. In addition, the portfolio is limited to a maximum of 1000 shares of U.S. Oil. The linear programming formulation that will maximize the total annual return of the portfolio is as follows: 1U Max 3U + 5H Maximize total annual return s.t. 250 + 50H = 80,000 Funds available 0.50U + 0.25H 700 Risk maximum

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