You have $600,000 and are considering investing in three municipal bond funds, Pimco, Fidelity Spartan, and Columbia Oregon. You have the following data: Company Yield PNF (Pimco NY) 7% FDMMX (Fidelity Spartan Mass) 5% CMBFX (Columbia Oregon) 4% 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? a. $60,000 in PNF, $300,000 in FDMMX, and $240,000 in CMBFX b. $60,000 in PNF, $240,000 in FDMMX, and $300,000 in CMBFX c. $300,000 in PNF, $60,000 in FDMMX, and $240,000 in CMBFX O d. $300,000 in PNF, $240,000 in FDMMX, and $60,000 in CMBFX e. $240,000 in PNF, $300,000 in FDMMX, and $60,000 in CMBFX

Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
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Chapter2: Second-order Linear Odes
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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 Spartan Mass)
5%
CMBFX (Columbia Oregon)
4%
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?
a. $60,000 in PNF, $300,000 in FDMMX, and $240,000 in CMBFX
O b. $60,000 in PNF, $240,000 in FDMMX, and $300,000 in CMBFX
c. $300,000 in PNF, $60,000 in FDMMX, and $240,000 in CMBFX
d. $300,000 in PNF, $240,000 in FDMMX, and $60,000 in CMBFX
e. $240,000 in PNF, $300,000 in FDMMX, and $60,000 in CMBFX
Transcribed Image Text: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 Spartan Mass) 5% CMBFX (Columbia Oregon) 4% 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? a. $60,000 in PNF, $300,000 in FDMMX, and $240,000 in CMBFX O b. $60,000 in PNF, $240,000 in FDMMX, and $300,000 in CMBFX c. $300,000 in PNF, $60,000 in FDMMX, and $240,000 in CMBFX d. $300,000 in PNF, $240,000 in FDMMX, and $60,000 in CMBFX e. $240,000 in PNF, $300,000 in FDMMX, and $60,000 in CMBFX
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