Answer to Question #85513 in Linear Algebra for Yara Sayed Ahmad

Question #85513
An investor wants to invest $30,000 in corporate bonds that are rated AAA, A, and B.

The lower rated ones pay higher interest, but pose a higher risk as well.

The average yield is 5% on AAA, 6% on A bonds, and 10% on B bonds.

Being conservative, the investor wants to have twice as much in AAA bonds as in B bonds.

How much should she invest in each type of bond to have an interest income of $2000?
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Expert's answer
2019-03-01T09:17:07-0500
The answer to the question is available in the PDF file https://www.assignmentexpert.com/https://www.assignmentexpert.com/homework-answers/mathematics-answer-85513.pdf

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