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Jenna Roberts recently received $30,000 as a small inheri- tance from a distant relative. She wants to invest the money so as to earn $900

Jenna Roberts recently received $30,000 as a small inheri- tance from a distant relative. She wants to invest the money so as to earn $900 to buy a laptop computer next year when she enters graduate school one year from now. (Jenna plans to use her inheritance to pay the tuition for her graduate studies.) She wants to create a portfolio using three stocks, whose annual percentage returns are summarized in the following table: Table 3: Table for the financial portfolio problem. Annual Return Year A B C 1 2 3 4 5 6 7 8 9 10 Average: -3.30% 5.92% -2.40% -4.70% -3.80% 28.10% 11.90% -7.00% -7.20% 9.70% 6.60% -2.30% 8.60% -4.20% 20.40% 9.40% 11.20% 17.40% 5.30% 3.20% -11.80% -4.90% 16.10% -6.60% 8.50% 10.80% -13.40% -8.30% -8.30% 10.90% 3.22% 3.05% 3.31% Jenna wants to diversify her potential holdings by investing at least $500, but no more than $20,000, in any one stock. Jenna wants to minimize the total variance of the portfolio. Formulate and solve a NLP model to determine how much money Jenna should invest in each stock in order to meet her financial goals. What is the optimal solution? Will Jenna have enough money to buy a

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