An investor has $600,000 to invest in two types of investments. Type A pays 7% annually and type B pays 9% annually. To have a well-balanced portfolio, the investor imposes the following conditions. At least one-third of the total portfolio is to be allocated to type A investments and at least one-third of the portfolio is to be allocated to type B investments. What is the optimal amount that should be invested in each investment? I am assuming then it is the same scenario so my choices would either be:
a.$200,000 in type A (7%), $400,000 in type B (9%)
b.$210,000 in type A (7%), $390,000 in

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$100,000 in type A (4%), $200,000 in type B (6%)

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