Mathematics, 13.10.2020 04:01 unknown54321
The administrator of a $200,000 trust fund must adhere to following guidelines.
a. The money may be invested in three different types of securities: a utilities stock paying a 9% dividend, an electronics stock paying a 4% dividend, and a bond paying 5% interest.
b. The amount invested in the stocks cannot be more than half the total amount invested; the amount invested in the utilities stock cannot exceed $40,000; and the amount invested in the bond must be at least $70,000.
c. The total amount need not be fully invested at any one time.
Required:
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The administrator of a $200,000 trust fund must adhere to following guidelines.
a. The money may be...
Engineering, 14.09.2019 00:10