Explain type of stock to maximize the total expected yield


Mr. Jones has $9000 to invest in three types of stocks; low-risk, medium-risk and high-risk. He invests according to the three principles. The amount invested in low-risk will be at most $1000 more than the amount invested in medium-risk stocks. At least $5000 will be invested in low and medium-risk stock. no more than $7000 will be invested in medium-risk and high-risk stocks. The expected yields are 6% for low-risk, 7% for medium-risk and 8% for high-risk stocks. How much money should Mr. Jones invest in each type of stock to maximize his total expected yield.

Request for Solution File

Ask an Expert for Answer!!
Operation Management: Explain type of stock to maximize the total expected yield
Reference No:- TGS088790

Expected delivery within 24 Hours