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Business, 29.10.2019 21:31 Jasten

An investment firm recommends that a client invest in bonds rated aaa, a, and b. the average yield on aaa bonds is 4%, on a bonds 5%, and on b bonds 8%. 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 if the total investment is $ 9,000 and the investor wants an annual return of $470 on the three investments.

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