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flation. Two crypto currencies are availab eld, they are more risky, and MCK wants t nount MCK should invest in each crypto

flation. Two crypto currencies are availab eld, they are more risky, and MCK wants t nount MCK should invest in each crypto

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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MCK wants to invest his savings to crypto currency that would generate an annual yield of at least $10, 000 to stop losing monetary value because of hyper inflation. Two crypto currencies are available are ETH and DOGE, with average annual yields of 10% and 25%, respectively. Though DOGE provide higher yield, they are more risky, and MCK wants to limit the amount invested in these cryptos to no more than 60% of the total investment. What is the minimum amount MCK should invest in each crypto to accomplish the investment goal? (Answers are x1000) A. z=52.63, ETH= 21.05, DOGE=31.58 z=75.82, ETH= 36.11, DOGE=39.71 C z=45.34, ETH= 16.83, DOGE=28.51 z=69.31, ETH= 34.65, DOGE=34.66 E z=60.53, ETH= 24.42, DOGE=36.11
Transcribed Image Text:MCK wants to invest his savings to crypto currency that would generate an annual yield of at least $10, 000 to stop losing monetary value because of hyper inflation. Two crypto currencies are available are ETH and DOGE, with average annual yields of 10% and 25%, respectively. Though DOGE provide higher yield, they are more risky, and MCK wants to limit the amount invested in these cryptos to no more than 60% of the total investment. What is the minimum amount MCK should invest in each crypto to accomplish the investment goal? (Answers are x1000) A. z=52.63, ETH= 21.05, DOGE=31.58 z=75.82, ETH= 36.11, DOGE=39.71 C z=45.34, ETH= 16.83, DOGE=28.51 z=69.31, ETH= 34.65, DOGE=34.66 E z=60.53, ETH= 24.42, DOGE=36.11
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