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Question: an investment club has at most 30000 to invest in...

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An investment club has at most $30,000 to invest in ei- bond is bought in $1,000 denominations. The junk bonds have an average yield of 12%, and the premium-quality bonds yield 7%. The policy if the club is to invest at least twice the amount of money in premium-quality bonds as in junk bonds. How should the club invest its money in these bonuds to receive themaximumretur on its inestment?

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