Innis Consulting Group Investments Manages Funds

Answer for Innis consulting group Investments manages funds for a number of companies and wealthy clients for $5 Only

Innis Consulting Group

Investment Problem

3. Innis consulting group Investments manages funds for a number of companies and wealthy clients. The investment strategy is tailored to each client’s needs. For a new client, Innis has been authorized to invest up to $1.2 million in two investment funds: a stock fund and a money market fund. Each unit of the stock fund costs S50 and provides an annual rate of return of S5 per dollar invested; each unit of the money market fund costs $100 and provides an annual rate of return of S4 for each dollar invested.