You Have $600,000 and Are Considering Investing in Three Municipal

question 1

Multiple Choice

You have $600,000 and are considering investing in three municipal bond funds, Pimco, Fidelity Spartan, and Columbia Oregon. You have the following data: $$\begin{array} { | c | c | } \hline \text { Company } & \text { Yield } \\\hline \text { PNF (Pimco NY) } & 7 \% \\\hline \text { FDMMX (Fidelity Spartan Mass) } & 5 \% \\\hline \text { CMBFX (Columbia Oregon) } & 4 \% \\\hline\end{array}$$ 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

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Definitions:

Project Duration

The total period from the start to the completion of a project.

Negative Total Float

The amount of time that needs to be saved on a project schedule to meet the deadline, indicating a project is behind schedule.

Concrete

A construction material composed of cement, water, aggregates (sand and gravel), and possibly admixtures, used for building a wide range of structures.

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; common examples include oil, grain, and metals.