February 20, 2017

Homework Help: Math For Business

Posted by Dave on Monday, November 19, 2007 at 8:00pm.

A man has decided to invest at most $90,000 in securities in the form of corporate stocks. He has three options: blue chip stocks he assumes will yield a 6% return, growth stocks @ 12%, and speculative stocks @ 20%. No more than 25% of his investment should be in growth and speculative stocks and at least 15,000 of his investments should be in growth stocks. How much should he invest in each group in hope of maximizing return?

I just need to know how to set up the constraints and objective function. This is a case and a big part of my grade! THANKS!!

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