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SIT runs a retirement account for teachers, with a current market value of $3billion. MJK Co. offers to conduct market research in an attempt to
SIT runs a retirement account for teachers, with a current market value of $3billion. MJK Co. offers to conduct market research in an attempt to sift through the market data to find a way to increase the return to SIT's portfolio by 40basis points this year. MJK Co. is offering to conduct the research for the sum of $8million. Is this price too high or too low?
a. The price is too high
b. The price is too low
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