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Hide Assignment InformationInstructions An investor has $70,000 to divide among several instruments. Municipal bonds have an 8.5% return, C D’s a 5% return, tbills a 6.5% return, and growth stock 13%
Hide Assignment InformationInstructions
An investor has $70,000 to divide among several instruments. Municipal bonds have an 8.5% return, C D’s a 5% return, tbills a 6.5% return, and growth stock 13%.
The following guidelines have been established:
 No more than 20% in municipal bonds
 Investment in growth stock fund should be greater than other three alternatives.
 At least 10% invested in treasury bills and municipal bonds
 Less should be invested in treasury bills and growth stocks than in CDs and municipal bonds by a ratio of 1.2 to 1.
 All $70,000 should be invested.
Formulate a model and solve it using computer. How should the $70,000 be allocated to each alternative to maximize annual return? What is the annual return?
Notes:
 Attach a Linear Programming computer file of the solution (QM for Windows  save it as a ".lin" file). Mac computer file is not accepted.
 Attach a Word file to answer the questions: How should the $70,000 be allocated to each alternative to maximize annual return? What is the annual return?
 Watch chapter 4 video clips
 Refer to “Investment Example” video for the model formulation
 Refer to “Product Mix Example Using QM for Windows” video clip for the computer solution
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