I need my question solved in excel so I can see how the problem is constructed. I seen that they question was asked before; however, I did not see how a person can solve the problem in excel, can someone help me? I know the answer like I said, but I need the answer in excel so I can see how a person can solve this question. Thanks
- (P2-43) An investor is considering three different television news stocks to complement his portfolio: British Broadcasting Company (BBC), Canadian Broadcasting Company (CBC), and Australian Broadcasting Company (ABC). His broker has given him the following information:
|Short-Term Growth (per $ invested)||Intermediate Growth (per $ invested)||Dividend Rate|
The investor’s criteria are as follows: (1) The investment should yield short-term growth of at least $1,000; (2) the investment should yield intermediate-term growth of at least $6,000; and (3) the dividends should be at least $250 per year. Determine the least amount the investor can invest and how that investment should be allocated between the three stocks.
Invest $2,555.25 in BBC and $1,139.50 in CBC Total investment = $3,694.75