The certificates of deposit pay 10% annually, and the municipal bonds pay 8% annually
Chapter 7, Problem 55(choose chapter or problem)
The certificates of deposit pay 10% annually, and the municipal bonds pay 8% annually. Over a five-year period, the investor expects the blue-chip stocks to return 12% annually and the growth stocks to return 13% annually. The investor wants a combined annual return of 10% and also wants to have only one-fourth of the portfolio invested in stocks.
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