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An investor has $100,000 to divide among several instruments. Municipal bonds have an 10% return, CD's (certificates of deposit) a 8% return, treasury-bills a 4%

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An investor has $100,000 to divide among several instruments. Municipal bonds have an 10% return, CD's (certificates of deposit) a 8% return, treasury-bills a 4% return, and growth stock 15%. The following guidelines have been established: Which of the following equation express constraints (1) At least 20% invested in treasury bills and CDs? O. *1 + x2

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