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**PLEASE ANSWER FULL QUESTION AND MAKE ANSWERS CLEAR AND READABLE** investment club has set a goal of earning 15% on the money they invest in
**PLEASE ANSWER FULL QUESTION AND MAKE ANSWERS CLEAR AND READABLE**
investment club has set a goal of earning 15% on the money they invest in stocks. The members are considering purchasing three possible stocks, with their cost per share (in dollars) and their projected growth per share (in dollars) summarized in the table. (Let x computer shares y utility shares, and z retail shares.) Stocks Computer (x) Utility (y) Retail (z) Cost/share 44 26 Growth/share 6.00 6.00 2.40 (a) If they have $392,000 to invest, how many of each stock should they buy to meet their (f there are infinitely many solutions, express your answers shares goal? in terms of z as in Example 3.) (x, y, z) (b) If they buy 1100 shares of retail stock, how many shares of the other stocks do they buy? Computer shares utility shares What if they buy 2200 shares of retail stock? Computer shares utility sharesStep by Step Solution
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