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Investor Dan has $353,000 to invest in bonds. Bond A yields an average of 7%and...

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Basic Math

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Investor Dan has $353,000 to invest in bonds. Bond A yields an average of 7%and the bond B yields 9.8%. Dan requires that at least 5 times as much moneybe invested in bond A as in bond B. You must invest in these bonds to maximizehis return. How much should you invest in bond A?Round to the nearest cent.

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