A stockbroker has $243,000 to invest in stocks and bonds. She wants to invest at least $112,000 in stocks and at least $45,000 in bonds. If stocks have an annual yield of 10% and bonds have an annual yield of 5%, how much should she invest in each to maximize her return? Find the maximum return.
?
A. no money in stocks and $243,000 in bonds: $1,215,000
B. $112,000 in stocks and $198,000 in bonds: $21,100
C. $198,000 in stocks and $45,000 in bonds: $22,050
D. $112,000 in stocks and $45,000 in bonds: $1,345,000
E. none of these
Answer: C
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