Use the Table Below to Answer the Following Questions) The Company Recommends That No More Than $300,000 Be Invested
Use the table below to answer the following questions) .
Qualis Investments is a private limited business that manages personal financial portfolios. The company manages six mutual funds and has a client that has acquired $750,000 from an inheritance. Characteristics of the funds are given in the table below. The company recommends that no more than $300,000 be invested in any individual fund, and that at least $80,000 be invested in each of the mid-cap stock and mortgage fund. The total amount invested in the low-priced and multinational funds are at least 35% of the total investment. The client would like an average return of at least 6%. Assume that X1- X6 represent the dollar amounts invested in funds 1 through 6, respectively.
-Which of the following describes the constraint on the mid-cap fund?
A) X3 0.35750,000)
B) X3 80,000
C) X3 0.3580,000)
D) X3 670,000
Correct Answer:
Verified
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Q53: Which of the following would be considered
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