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The client wants to minimize risk subject to the requirement that the annual in - come from the investment be at least $ 6 0

The client wants to minimize risk subject to the requirement that the annual in- come from the investment be at least $60,000. According to Inniss risk measure- ment system, each unit invested in the stock fund has a risk index of 8, and each unit invested in the money market fund has a risk index of 3; the higher risk index associated with the stock fund simply indicates that it is the riskier investment. Inniss client also specified that at least $300,000 be invested in the money market fund. LO 2,4,5a. Determine how many units of each fund Innis should purchase for the client to minimize the total risk index for the portfolio.b. How much annual income will this investment strategy generate?c. Suppose the client desires to maximize annual return. How should the funds beinvested?

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