A firm recommends a client invest in bonds rated AAA, A and B.
The average yield on AAA bonds is 4%, on A bonds 5% and on B bonds
8%. The client wants to invest twice as much in AAA bonds as in B
binds. How much should be invested in each type of bond if the
total investment is $21,000 and the investor wants an annual return
of $1100 on the three investments?
$10,000 in AAA Bonds
$6,000 in A bonds
$5,000 in B bonds
