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In August 2011, Bank of Hawaii (BOH) stock cost $45 per share, yielded 4% per year in dividends, and had a risk index of 3.0 per share, while...

In August 2011, Bank of Hawaii (BOH) stock cost $45 per share, yielded 4% per year in dividends, and had a risk index of 3.0 per share, while JPMorgan Chase (JPM) stock cost $40 per share, yielded 2.5% per year in dividends, and had a risk index of 2.0 per share.† You have up to $25,000 to invest in these stocks, and would like to earn at least $760 in dividends over the course of a year. (Assume the dividends to be unchanged for the year.) How many shares (to the nearest tenth of a unit) of each stock should you purchase to meet your requirements and minimize the total risk index for your portfolio? 

Bank of Hawaii      shares 
JP Morgan Chase      shares 


What is the minimum total risk index? (Round your answer to two decimal places.)

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Considerlhe number of BOH shares is xand the number of JPM shares is J.-‘. Constraint on money available for investment is that, 45x+40y S 25000 As dividend yield for BOH is 4% and for .JF'M. it...

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