Investor Dan has $119,000 to invest in bonds. Bond A yields an average of 9.4% and the bond B yields 6.4%. Dan requires that at least 2 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? Round to the nearest cent. LA $
Investor Dan has $119,000 to invest in bonds. Bond A yields an average of 9.4% and the bond B yields 6.4%. Dan requires that at least 2 times as much money be invested in bond A as in bond B. You must invest in these bonds to maximize his return. How much should you invest in bond A? Round to the nearest cent. LA $
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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
Transcribed Image Text:Investor Dan has $119,000 to invest in bonds. Bond A
yields an average of 9.4% and the bond B yields 6.4%. Dan
requires that at least 2 times as much money be invested in
bond A as in bond B. You must invest in these bonds to
maximize his return. How much should you invest in bond
A?
$
Round to the nearest cent.
tA
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