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Investco wants to invest money that would generate an annual yield of at least $20,000. Two stock groups are available: bank stocks and tech stocks, with average annual yields of 15% and 25%, respectively. Though tech-stock provide a higher yield, they are more risky, and Investco wants to limit the amount invested in these stocks to no more than 75% of the total investment. What is the minimum amount of Investco should invest in each stock group to accomplish this investment goal?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91994623

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