You have $600,000 and are considering investing in three municipal bond funds, Pimco, Fidelity Spartan, and Columbia Oregon. You have the following data: Cоmpany Yield PNF (Pimco NY) 7% FDMMX (Fidelity 5% Spartan Mass) CMBFX (Columbia 4% Oregon) Your broker has made the following suggestions: At least 50 percent of your total investment should be in CMBFX. No more than 10 percent of your total investment should be in PNF. How much should you invest in each fund to maximize your anticipated returns while following your broker's advice?

You have $600,000 and are considering investing in three municipal bond funds, Pimco, Fidelity Spartan, and Columbia Oregon. You have the following data: Cоmpany Yield PNF (Pimco NY) 7% FDMMX (Fidelity 5% Spartan Mass) CMBFX (Columbia 4% Oregon) Your broker has made the following suggestions: At least 50 percent of your total investment should be in CMBFX. No more than 10 percent of your total investment should be in PNF. How much should you invest in each fund to maximize your anticipated returns while following your broker's advice?

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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