Your Friend's Portfolio Manager Has Suggested Two High-Yielding Stocks: Consolidated

Short Answer

Your friend's portfolio manager has suggested two high-yielding stocks: Consolidated Edison (ED) and Royal Bank of Scotland (RBS-K). ED shares cost $40, yield 5.5% in dividends, and have a risk index of 1.0 per share. RBS-K shares cost $25, yield 7.5% in dividends, and have a risk index of 1.5 per share. You have up to $22,000 to invest and would like to earn at least $1,210 in dividends. How many shares (to the nearest whole number) of each stock should you purchase in order to meet your requirements and minimize the total risk index for your portfolio
If no optimal solution exists enter no solution in each box.
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Number of shares of ED = __________
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Number of shares of RBS-K = __________