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A firm recommends a client invest in bonds rated AAA, A and B. The average yield on AAA bonds is 4%, on A bonds 5%

A firm recommends 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 binds. How much should be invested in each type of bond if the total investment is $21,000 and the investor wants an annual return of $1100 on the three investments?

$10,000 in AAA Bonds

$6,000 in A bonds

$5,000 in B bonds

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