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An investment firm recommends that a client invest in bonds rated AAA A and B The average yield on AAA bonds is 6%,on A bonds 7%,and on B bonds 10% The client wants to invest twice as much in

An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield on AAA bonds is 6%,on A bonds 7%,and on B bonds 10%. The client wants to invest twice as much in AAA bonds as in B bonds. How much should be invested in each type of bond under the following conditions?

A.The total investment is $13,000,and the investor wants an annual return of $940 on the three investments

B.The values in part A are changed to $22,000 and $1,590,respectively

A.The client should invest $____AAA bonds, $____A bonds, and $____ B bonds.

B. The client should invest $____AAA bonds, $____A bonds, and $____ B bond

 

Apr 11 2020 View more View Less

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