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The Pimco New York Municipal Bond Fund (PNF) and the Fidelity Spartan Mass Fund (FDMMX) are tax-exempt municipal bond funds. Suppose that in a certain
The Pimco New York Municipal Bond Fund (PNF) and the Fidelity Spartan Mass Fund (FDMMX) are tax-exempt municipal bond funds. Suppose that in a certain year, the Pimco fund yielded 6% while the Fidelity fund yielded 4%. You would like to invest a total of up to $80,000 and earn at least $4,200 in interest in the coming year (based on the given yields). Draw the feasible region that shows how much money you can invest in each fund. (Place PNF on the x-axis and FDMMX on the y-axis.) GRAPH AND FIND THE THREE CORNER POINTS OF THE REGION
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