A business student has $2,500 available from a summer job and has identified three potential stocks in
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A business student has $2,500 available from a summer job and has identified three potential stocks in which to invest. The cost per share and expected return over the next 2 years is given in the table.
Stock A B C Price/share $25 $15 $30 Return/share ╇ $8 $7 $11
a. Identify the decision variables, objective function, and constraints in simple verbal statements.
b. Mathematically formulate a linear optimization model.
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