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A company must meet the following demands for cash at the beginning of each of the next four months: month 1 , 2 2 0
A company must meet the following demands for cash at the beginning of each of the next four months: month ; month ; month ; month At the beginning of month the company has in cash and worth of bond worth of bond and worth of bond The company have to sell some bonds to meet demands, but the penalty will be charged for any bonds sold before the end of month The penalties for selling worth of each bond are as shown in the table below. The penalties have to be paid in cash. the penalty for selling bonds in month one is respectively in pounds. the penalty for selling bonds in month two is respectively in pounds. the penalty for selling bonds in month three is respectively in pounds. the penalty for selling bonds in month four is respectively in pounds. What is the minimal cost ie the sum of all penalties paid of meeting cash demands for the next four months? Fractions of bonds can be sold.
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