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An investment firm recommends that a client invest in bonds rated? AAA, A, and B. The...

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Basic Math

An investment firm recommends that a client invest in bondsrated? AAA, A, and B. The average yield on AAA bonds is 4?%, on Abonds 5?%, and on B bonds 8?%. The client wants to invest twice asmuch in AAA bonds as in B bonds. How much should be invested ineach type of bond under the following? conditions?

A The total investment is ?$9,000?, and the investor wants anannual return of ?$470 on the three investments.

B The values in part A are changed to ?$24,000 and ?$1,250?,respectively.

.

Answer & Explanation Solved by verified expert
4.3 Ratings (553 Votes)
a let amount invested in AAA xin A yin B zsetting up    See Answer
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