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funds can be pure growth funds, and at least one pure bond fund must be selected. The total amount invested in pure bond funds
funds can be pure growth funds, and at least one pure bond fund must be selected. The total amount invested in pure bond funds must be at least as much as the amount invested in pure growth funds. Using the following expected returns, formulate and solve a model that will determine the investment strategy that will maximize expected annual return. Fund Type Expected Return 1 Growth 6.70% 1234567890 Growth 7.65% Growth 7.55% Growth 7.45% Growth & Income 7.50% Growth & Income 6.45% Growth & Income 7.05% Stock & Bond 6.90% Bond 5.20% Bond 5.90%
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