Portia has $10,000 to invest. She is considering a certificate of deposit (CD) that is expected to

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Portia has $10,000 to invest. She is considering a certificate of deposit (CD) that is expected to yield 5%, a mutual fund expected to yield 7%, and stocks expected to yield 9%. The amount invested in the mutual fund can be no more than the amount invested in the CD and stocks together. The amount in the mutual fund and stocks must be no more than $8000. How much should Portia invest in each investment vehicle to maximize her total expected yield?
Stocks
Stocks or shares are generally equity instruments that provide the largest source of raising funds in any public or private listed company's. The instruments are issued on a stock exchange from where a large number of general public who are willing...
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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