Title: An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average ... Post by: Catracho on Oct 23, 2018 An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield on AAA bonds is 5%, on A bonds 7%, and on B bonds 12%. The client wants to invest twice as much in AAA bonds as in B bonds. How much should be invested in each type of bond if the total investment is $22,000, and the investor wants an annual return of $1,590 on the three investments.
An investment firm recommends that a client invest in bonds rated AAA, A, and B. The average yield on AAA bonds ………………………. Title: Re: An investment firm recommends that a client invest in bonds rated​ AAA, A, and B. The average ... Post by: bio_man on Oct 23, 2018 Set
x = AAA y = A z = B Set up your equations: \(0.05 x + 0.07 y + 0.12 z = 1590\) \(x -2 y = 0\) \(x + y + z = 22000\) Now solve however you like x = 11052.631 y = 5526.315 z = 5421.052 Round as you wish. |