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32. Joan purchases a government bond for $10,000 that pays 7% annual interest. Jim purchases $20,000 worth of corporate bonds that pay 10% annual interest.

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32. Joan purchases a government bond for $10,000 that pays 7% annual interest. Jim purchases $20,000 worth of corporate bonds that pay 10% annual interest. If Joan's goal is to earn $700 per year on her investment, and Jim's goal is to earn \$2,000 per year on his investment, then Joan is more efficient than Jim. Jim is more efficient than Joan. both A and B above are correct. both Jim and Joan are effective. both A and C above are correct

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