Though high-tech stocks provide higher yield


Day trader wants to invest a sum of money that would generate an annual yield of at least $10000 .
two stock groups are available:
blue chips and high tech, with average annual yields of 10% and 25%,respectively.
though high-tech stocks provide higher yield, they are more risky, and trader wants to limit the amount invested in these stocks to no more than 60% of total investment.
What is the minimum amount Trader should invest in each stock group to accomplish the investment goal?

Request for Solution File

Ask an Expert for Answer!!
Basic Computer Science: Though high-tech stocks provide higher yield
Reference No:- TGS0107080

Expected delivery within 24 Hours