(Solution) - Day Trader wants to invest a sum of money that -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

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Day Trader wants to invest a sum of money that would generate an annual yield of at least $10,000. Two stock groups are available: blue chips and high tech, with average annual yields of 10% and 25%, respectively. Though high-tech stocks provide higher yield, they are more risky, and Trader wants to limit the amount invested in these stocks to no more than 60% of the total investment. What is the minimum amount Trader should invest in each stock group to accomplish the investment goal?