Local City Trust aims to maximize its expected return on investment given the following set of legal, policy, or risk limitations. a. Local City Trust has $5M available for investment. They want to invest the total amount. b. At least 55% of the invested funds must be in gold stocks and construction loans. C. No less than 15% is to be invested in government bonds. d. The expected percentage return and maximum to invest per investment type are summarized in the following table: Investment type Government bonds Corporate bonds Gold stocks Construction loans Expected return on investment (%) 7 11 19 15 Max. to invest ($M) 1.0 2.5 1.5 1.8 1. How much should Local City Trust invest in the different investment instruments to maximize their return on investment given the previously defined policies? 2. What is the overall expected rate of return for the recommended portfolio?