A young couple has $25,000 to invest. As their financial consultant, you recommend that they invest some money in Treasury bills that yield 7%, some money in corporate bonds that yield 9%, and some money in junk bonds that yield 11%. Prepare a table showing the various ways that this couple can achieve the following goals:
(a) $1500 per year in income
(b) $2000 per year in income
(c) $2500 per year in income
(d) What advice would you give this couple regarding the income that they require and the choices available?
