Investor Matt has $643,000 to invest in bonds. Bond A yields an average of 6% and the bond B yields 7.7%. Matt requires that at least 3 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. tA

Investor Matt has $643,000 to invest in bonds. Bond A yields an average of 6% and the bond B yields 7.7%. Matt requires that at least 3 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. tA

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter16: The Markets For Labor, Capital, And Land

Section: Chapter Questions

Problem 12P

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