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Return on Investment An investment broker is instructed by her client to invest up to , some in a junk bond yielding per annum and some in Treasury bills yielding per annum. The client wants to invest at least in T-bills and no more than in the junk bond.
a. How much should the broker recommend that the client place in each investment to maximize income if the client insists that the amount invested in T-bills must equal or exceed the amount placed in the junk bond?
b. How much should the broker recommend that the client place in each investment to maximize income if the client insists that the amount invested in T-bills must not exceed the amount placed in the junk bond?
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Chapter 8 Solutions
College Algebra Plus MyLab Math with eText -- Access Card Package (10th Edition) (Sullivan & Sullivan Precalculus Titles)
- Write a quadratic equation in factored form that has solutions of x = 2 and x = = -3/5 ○ a) (x-2)(5x + 3) = 0 ○ b) (x + 2)(3x-5) = 0 O c) (x + 2)(5x -3) = 0 ○ d) (x-2)(3x + 5) = 0arrow_forwardA vacant lot is being converted into a community garden. The garden and a walkway around its perimeter have an area of 690 square feet. Find the width of the walkway (x) if the garden measures 14 feet wide by 18 feet long. Write answer to 2 decimal places. (Write the number without units). Hint: add 2x to each of the garden dimensions of 14 x 18 feet to get the total area for the length multiplied by width.arrow_forwardSolve x-1 x+2 = 12 3 4 Your Answer: Answerarrow_forward
- Find the solutions to the following equation 21x²+5x=6 ○ a) -3/7, 3/2 ☐ b) -2/3, 3/7 ○ c) -7/3, 3/2 ○ d) -2/3, 7/3arrow_forwardListen Solve the quadratic equation. Write the one solution, do not write x =. 2 x²+6x+9= 0 বarrow_forwardSolve the rational equation 14 1 + x-6 x x-7 x-7 ○ a) x = 1, x = 8 ○ b) x = 1 ○ c) x = 7 ○ d) x = 1, x = 7arrow_forward
- Solve the absolute inequality | x + 5 > 3 ○ a) (-∞, -8] U[-2, ∞0) ☐ b) (-8, -2) c) (-2, ∞0) ○ d) (-∞, - 8) U(-2, ∞0)arrow_forward1) Listen Describe the error in the problem X 3 X x 3 - 2 = 25x = 0 25x 25 x = ±5arrow_forwardA falling object travels a distance given by the formula d = 6t + 7t² where d is in feet and t is the time in seconds. How many seconds will it take for the object to travel 115 feet? Round answer to 2 decimal places. (Write the number, not the units). Your Answer:arrow_forward
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