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Stephanie wants her portfolio to be distributed approximately 595 between stocks and bonds such that around 5%(3%) of her investable funds are allocated to stocks

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Stephanie wants her portfolio to be distributed approximately 595 between stocks and bonds such that around 5%(3%) of her investable funds are allocated to stocks and 95%(3%) to bonds. Her investment criteria firther specify that: i. For all stocks priced below $50,100 shares each of such stocks be purchased and for stocks priced above $50,50 shares each should be purchased. ii. 100 units of each acceptable bonds be purchased. 8. Given that Stephanie's bank offers an interest rate of 6% per year, what additional amount should she have deposited as a fixed deposit in the bank so as to accumulate the amount needed for her investment in stocks and bonds when needed? ( 2 marks) 9. Suppose Stephanie deposited the $50,000 in a fixed deposit. For the shortiall, she thought of purchasing a 5-year ordinary anmity that pays an interest rate of 3.5% per annum, what annuld deposit will be required to cover the shortall? (2 marks) 10. Which of the two options would you recommend for covering the shortfill (Choose between the options in questions 8 and 9 above). Support your response with suitable computation. Stephanie wants her portfolio to be distributed approximately 595 between stocks and bonds such that around 5%(3%) of her investable funds are allocated to stocks and 95%(3%) to bonds. Her investment criteria firther specify that: i. For all stocks priced below $50,100 shares each of such stocks be purchased and for stocks priced above $50,50 shares each should be purchased. ii. 100 units of each acceptable bonds be purchased. 8. Given that Stephanie's bank offers an interest rate of 6% per year, what additional amount should she have deposited as a fixed deposit in the bank so as to accumulate the amount needed for her investment in stocks and bonds when needed? ( 2 marks) 9. Suppose Stephanie deposited the $50,000 in a fixed deposit. For the shortiall, she thought of purchasing a 5-year ordinary anmity that pays an interest rate of 3.5% per annum, what annuld deposit will be required to cover the shortall? (2 marks) 10. Which of the two options would you recommend for covering the shortfill (Choose between the options in questions 8 and 9 above). Support your response with suitable computation

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