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Elementary,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 260 Weeks Ago, 2 Days Ago |
Questions Answered: | 20103 |
Tutorials Posted: | 20155 |
MBA, PHD
Phoniex
Jul-2007 - Jun-2012
Corportae Manager
ChevronTexaco Corporation
Feb-2009 - Nov-2016
Your portfolio manager has suggested two high yielding stocks: The Altria group (MO) and Reynolds America (RAI) Â 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?Â
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