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An investor wants to invest $ 5 0 , 0 0 0 in two mutual funds, A and B . The rates of retum, risks

An investor wants to invest $50,000 in two mutual funds, A and B. The rates of retum, risks and minimum investment requirements for each fund are: (25 pts) Fund Rate of return Risk Minimum investment A 12%.5 $20,000 B 9%.3 $10,000 Note that a low Risk rating means a less risky investment. The investor can invest to maximize the expected rate of return or minimize risk. All $50,000 will be invested in these funds. a. Define the objectives for this problem. b. Formulate this problem with a Minimax objective and all appropriate constraints in the space below. c. Find the optimal solution using Solver. Attach a copy of your final spreadsheet in the space below ensure your target values are clearly labeled on your spreadsheet. State your optimal solution

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