Question
Investor Dan has $390,000 to invest in bonds. Bond A yields an average of 6% and the bond B yields 9.6%. Dan requires that
Investor Dan has $390,000 to invest in bonds. Bond A yields an average of 6% and the bond B yields 9.6%. Dan requires that at least 4 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? Round to the nearest cent.
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College Mathematics for Business Economics Life Sciences and Social Sciences
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
12th edition
321614003, 978-0321614001
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