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Investor Matt has $461,000 to invest in bonds. Bond A yields an average of 9.7% and the bond B yields 5.4%. Matt requires that
Investor Matt has $461,000 to invest in bonds. Bond A yields an average of 9.7% and the bond B yields 5.4%. Matt 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. What is the maximum return? $ per year. Round to the nearest cent.
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