Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. mr. jones has $10,000 to invest in three types of

Mr. Jones has $10,000 to invest in three types of stocks, low-risk, medium-risk, and high-risk....

90.2K

Verified Solution

Question

Basic Math

image

Mr. Jones has $10,000 to invest in three types of stocks, low-risk, medium-risk, and high-risk. He invests according to three principles. The amount invested in low-risk stocks will be at most $6,000 more than the amount invested in medium-risk stocks. At least $8,000 will be invested in low- and medium-risk stocks. No more than $6,000 will be invested in medium- and high-risk stocks. The expected yields are 6% for low-risk stocks, 7% for medium-risk stocks, and 8% for high-risk stocks. How much money should Mr. Jones invest in each type of stock to maximize his total expected yield? Mr. Jones should invest $ in low-risk stocks, $ in medium-risk stocks, and $ in high-risk stocks.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

How to calculate unreacted concentration of A at 2hr when rate = k[A]1[B]1 (first order both...

Chemistry
Q

Listen True or false Sister chromatids are separated during metaph

Biology
Q

74 The time period of mass M when displaced from Inextensible its equilibrium position string...

Physics
Q

Last year, Miguel had $10,000 to invest. He invested some of it in an account...

Basic Math
Q

Let f x 7x 3 if x 8 7x b if x 8 If f...

Calculus
Q

Graph the solution set of the inequality where x i

Calculus
Q

OA K Use a right triangle to write the following expression as an algebraic expression...

Calculus
Q

Factor out the greatest common factor 15xy 20x y 30x y Step by Step Solution...

Algebra
Q

Whitman Company has just completed its first year of operations. The company's absorption costing income...

Accounting
Q

Primary Co. estimates 785,000 candles will be made next month. Each candle requires 1 pound...

Accounting
Q

The Kenya government budget for the fiscal year 2016/2017 had the following key budgetary items...

Accounting
Q

Based on the data below , selling expenses would be considered a ...................expense and administrative...

Accounting