Question

The Pioneer Investment Management Municipal High Income fund (MHI) and the BlackRock Advisors BlackRock Municipal fund (BKK) are tax-exempt municipal bond funds. Suppose that in a certain year, the Pioneer fund was expected to yield 8%, while the BlackRock fund was expected to yield 6%. You would like to invest a total of up to $70,000 and earn at least $4,800 in interest in the coming year (based on the given yields). Draw the feasible region that shows how much money you can invest in each fund. (Place MHI on the x-axis and BKK on the y-axis.)

Find the corner points of the region. (Order your answers from smallest to largest x, then from smallest to largest y. If an answer does not exist, enter DNE.)

(x, y)	=
(x, y)	=
(x, y)	=

Answer 1