Your broker has suggested that you diversify your investments by splitting your portfolio among mutual funds, municipal bond funds, stocks, and precious metals. She suggests five good mutual funds, four municipal bond funds, eight stocks, and three precious metals (gold, silver, and platinum).1. Assuming your portfolio is to contain one of each type of investment, how many different portfolios are possible?

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Asked Nov 6, 2019

Your broker has suggested that you diversify your investments by splitting your portfolio among mutual funds, municipal bond funds, stocks, and precious metals. She suggests five good mutual funds, four municipal bond funds, eight stocks, and three precious metals (gold, silver, and platinum).

1. Assuming your portfolio is to contain one of each type of investment, how many different portfolios are possible?
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Assume that the portfolio must contain one of each type of investment
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Assume that the portfolio must contain one of each type of investment

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