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Investment Portfolio In Exercises 55 and 56, consider an investor with a portfolio totaling $500,000 that is invested in certificates of deposit,

Investment Portfolio In Exercises 55 and 56, consider an investor with a portfolio totaling $500,000 that is invested in certificates of deposit, municipal bonds, blue-chip stocks, and growth or speculative stocks. How much is invested in each type of investment?
55. 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 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.
56. The certificates of deposit pay 9% annually, and the municipal bonds pay 5% annually. Over a five-year period, the investor expects the blue-ship stocks to return 12% annually and the growth stocks to return 14% 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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