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

Question

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

Kunduz · Accepted Answer

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