Question: QUESTION 18 Use the table below to answer the following question(s) Qualis Investments is a private limited business that manages personal financial portfolios. The company

QUESTION 18 Use the table below to answer the following question(s) 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. ualis Mutual Fund Data Expected Annual Return 7.23% 8.42% 6.66% 2.72% 8.89% 3. 50% Risk Measure Qualis Low-priced Stock Fund Qualis Multinational Fund Qualis Mid-cap Stock Fund Qualis Mortgage Fund Qualis Income Equity Fund Qualis Balanced Fund 11.87 12.62 13.72 3.37 8.4 6.91 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? x3 80,000 O X3 0.35(750,000) 0x3 670,000 0 X32 0.35(80,000)
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