Finite math and business calculus in portfolio management

SoccerBoss
Category:
Business & Finance
Price: $5 USD

Question description

Your portfolio manager has suggested two high yielding stocks: The Altria group (MO) and Reynolds America (RAI)  MO shares cost $50, yield 4.5% in dividends and have risk index of 2.0 per share. RAI shares cost $55, yield 5% in dividends, and have a risk index of 3.0 per share. you have up to $9,050 to invest and would like to earn at least $410 in dividends. How many shares of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio? 

Tutor Answer

(Top Tutor) Daniel C.
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School: Boston College
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