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ou should invest $ _  into MarkyB Inc., $ _ into JohnJohn Ltd., and $ _ into Garretts Spaghetti House, which will give you give you maximum annual interest $  .

ou should invest $ _  into MarkyB Inc., $ _ into JohnJohn Ltd., and $ _ into Garretts Spaghetti House, which will give you give you maximum annual interest $  .

EBK CONTEMPORARY FINANCIAL MANAGEMENT
EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter15: Dividend Policy
Section: Chapter Questions
Problem 15P
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You have $92,000 you would like to invest in three different stocks: MarkyB Inc., JohnJohn Ltd., and Garretts Spaghetti House. You would like to invest no more than $15,000 in Garretts Spaghetti House, and you want the amount you invest in MarkyB Inc., to be at least the amount invested in JohnJohn Ltd. and Garretts Spaghetti House combined.
 
If MarkyB Inc. earns 18% annual interest, JohnJohn Ltd. earns 13% annual interest, and Garretts Spaghetti House earns 6% annual interest, how much money (in dollars) should you invest in each stock to maximize your annual interest earned? What is the maximum annual interest earned?
 
You should invest $ _  into MarkyB Inc., $ _ into JohnJohn Ltd., and $ _ into Garretts Spaghetti House, which will give you give you maximum annual interest $  .
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