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Mathematics, 22.07.2020 19:01 chris3633
QUESTION 4 (10 MARKS)
A retired couple requires an annual return of $2,000 from investment of $20,000. There are 3
options available:
(A) Treasury Bills yielding 9%;
(B) Corporate bonds 11%;
(C) Junk Bonds, 13%
How much should be invested in each to achieve their goal? Give 3 sets of options that can
achieve their goal.[10 Marks]
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QUESTION 4 (10 MARKS)
A retired couple requires an annual return of $2,000 from investment of $20,0...
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