The days to maturity for a sample of five money market funds are shown here. The dollar amounts invested in the funds are provided.
Days to | Dollar Value |
Maturity | ($ millions) |
21 | 21 |
13 | 32 |
7 | 11 |
5 | 16 |
6 | 11 |
Use the weighted mean to determine the mean number of days to maturity for dollars invested in these five money market funds (to 1 decimal).
Weighted mean number of days to maturity
= 11.9
The days to maturity for a sample of five money market funds are shown here. The...
nnis Investments manages funds for a number of companies and wealthy clients. The investment strategy is tailored to each client’s needs. For a new client, Innis has been authorized to invest up to $3 million in five investment funds: stock fund A, stock fund B, Bond fund A, Bond fund B and a money market fund. Stock fund A provides an annual rate of return of 15%, stock fund B provides an annual rate of return of 12.5%, Bond fund...
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