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Chris Corry has a company - sponsored retirement plan at a major brokerage firm. He has the following funds available: Fund Risk Type Return 1

Chris Corry has a company-sponsored retirement plan at a major brokerage firm. He has the following funds available:
Fund
Risk
Type
Return
1
High
Stock
11.98%
2
High
Stock
13.18%
3
High
Stock
9.40%
4
High
Stock
7.71%
5
High
Stock
8.35%
6
High
Blend
16.38%
7
Medium
Blend
4.10%
8
Medium
Blend
12.52%
9
Medium
Blend
8.62%
10
Medium
Blend
11.14%
11
Medium
Blend
8.78%
3
12
Low
Blend
9.44%
13
Low
Blend
8.38%
14
Low
Bond
7.65%
15
Low
Bond
6.90%
16
Low
Bond
5.53%
17
Low
Bond
6.30%
His financial advisor has suggested that at most 40% of the portfolio should be composed of high-risk funds. At least 25% should be invested in bond funds, and at most 40% can be invested in any single fund. At least six funds should be selected, and if a fund is selected, it should be funded with at least 5% of the total contribution.
Develop and solve an integer optimization model to determine which funds should be selected and what percentage of his total investment should be allocated to each fund.

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