INVESTMENT PORTFOLIO In Exercises 6366, consider aperson who invests in AAA-rated bonds

Chapter 7, Problem 63

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INVESTMENT PORTFOLIO In Exercises 6366, consider aperson who invests in AAA-rated bonds, A-rated bonds, andB-rated bonds. The average yields are 6.5% on AAA bonds, 7%on A bonds, and 9% on B bonds. The person invests twice asmuch in B bonds as in A bonds. Let and represent theamounts invested in AAA, A, and B bonds, respectively.Use the inverse of the coefficient matrix of this system to findthe amount invested in each type of bond. $10,000 $705

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