Investments Kelly has $20,000 to invest for a period of 10 years. As her financial

Chapter 2, Problem 42

(choose chapter or problem)

Investments Kelly has $20,000 to invest for a period of 10 years. As her financial planner, you recommend that she diversify into three Franklin Mutual Funds based on their average annual returns over the past 10 years ending December 31, 2009: Total Return at 5%, High Income at 7%, and Global Bond at 10%. Kelly wishes to earn an average of $1390 per year in income. Also, Kelly wants her investment in Total Return to be $3000 more than her investment in the Global Bond Fund. How much money should Kelly place in each investment? Source: Franklin Funds

Unfortunately, we don't have that question answered yet. But you can get it answered in just 5 hours by Logging in or Becoming a subscriber.

Becoming a subscriber
Or look for another answer

×

Login

Login or Sign up for access to all of our study tools and educational content!

Forgot password?
Register Now

×

Register

Sign up for access to all content on our site!

Or login if you already have an account

×

Reset password

If you have an active account we’ll send you an e-mail for password recovery

Or login if you have your password back