Determine how many shares of each stock donald should buy

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Reference no: EM131338133

FINANCE -The BlackRock Equity Dividend Fund sells at $22 a share and has a 3-year average annual return of $3 per share. The risk measure of standard deviation is 13.2. The Columbia Dividend Income Fund sells for $17 a share and has a 3-year average annual return of $2 a share. The risk measure of standard deviation is 12.8. Donald Hackett wants to spend no more than $10,000 investing in these two funds, but he wants to obtain at least $1200 in annual revenue. Donald also wants to minimize his risk. Determine how many shares of each stock Donald should buy.

Reference no: EM131338133

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