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
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