Exhibit 3.4 The Following Questions Are Based on This Problem and Accompanying

question 32

Multiple Choice

Exhibit 3.4
The following questions are based on this problem and accompanying Excel windows.
A financial planner wants to design a portfolio of investments for a client. The client has $300,000 to invest and the planner has identified four investment options for the money. The following requirements have been placed on the planner. No more than 25% of the money in any one investment, at least one third should be invested in long-term bonds which mature in seven or more years, and no more than 25% of the total money should be invested in C or D since they are riskier investments. The planner has developed the following LP model based on the data in this table and the requirements of the client. The objective is to maximize the total return of the portfolio.
-Refer to Exhibit 3.4. What formula should be entered in cell B7 in the accompanying Excel spreadsheet to compute total dollars invested?

• A) =ADD(B3:B6)
• B) =SUM(B3:B6)
• C) =TOTAL(B3:B6)
• D) =TALLY(B3:B6)

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Definitions:

Evolution

The procedure through which multiple life forms are presumed to have evolved and become more varied from earlier species throughout the history of the planet.

Scientists

Individuals who conduct systematic research to increase knowledge and understanding, often specializing in fields within natural or social sciences.

Fossil Record

The totality of fossilized artifacts and their placement within the earth's rock strata, providing evidence about the history of life and past environments on Earth.

Bias

A tendency to lean in a certain direction, either in favor of or against a particular thing, person, or group, often in a way considered to be unfair.