Business, 25.08.2020 23:01, spiritcampbell56

Customer Name: Charlie Customer Age: 69
Marital Status: Single - Widowed
Dependents: None
Occupation: Retired
Household Income: $31,000 (Social Security and Pension)
Net Worth: $130,000 (excluding residence)
Own Home: Yes $220,000 Value, No Mortgage
Investment Objective: Current Income
Risk Tolerance: Low
Investment Time Horizon: 20 years
Investment Experience: 0 years
Current Portfolio Composition: Cash in Bank: $130,000

After reviewing this customer's profile sheet, which recommendation would be most appropriate?

a. The customer should take at least $100,000 of cash from the bank and invest the proceeds in 20-year TIPS to meet the customer's desire for current income and his low risk tolerance requirements
b. The customer should take at least $100,000 of cash from the bank and invest the proceeds in 20-year STRIPS to meet the customer's desire for current income and his low risk tolerance requirements
c. The customer should mortgage his house for $100,000 at current market interest rates and use the proceeds to buy 20 year income bonds to provide current income
d. The customer should take at least $100,000 of cash from the bank and invest the proceeds in 20-year Treasury Bonds to meet the customer's desire for current income and his low risk tolerance requirements

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 16:00, Jaimewillis42

Abigail spent $100 on a new edition of the personal finance textbook rather than $75 for a used copy. the additional cost for the new copy is called the

Answers: 1

continue

Business, 21.06.2019 16:10, kennieharris726

You are at a holiday dinner with your family. your relative makes the argument that the u. s. economy is resurgent and has recovered from the great recession of 2007 – 2009. economic growth, as measured by gdp, has been increasing from one quarter to the next. you beg to differ. how would you structure your argument with your relative? hint: you should think about two things, the accuracy of gdp measures, and whether gdp should be considered a comprehensive measure of a countries well-being.

Answers: 3

continue

Business, 22.06.2019 01:00, natalie857123

When color is used on a topographical drawing, black is used to represent what?

Answers: 1

continue

Business, 22.06.2019 04:50, danny123421

Harwood company uses a job-order costing system that applies overhead cost to jobs on the basis of machine-hours. the company's predetermined overhead rate of $2.50 per machine-hour was based on a cost formula that estimates $240,000 of total manufacturing overhead for an estimated activity level of 96,000 machine-hours. required: 1. assume that during the year the company works only 91,000 machine-hours and incurs the following costs in the manufacturing overhead and work in process accounts: compute the amount of overhead cost that would be applied to work in process for the year and make the entry in your t-accounts. 2a. compute the amount of underapplied or overapplied overhead for the year and show the balance in your manufacturing overhead t-account. 2b. prepare a journal entry to close the company's underapplied or overapplied overhead to cost of goods sold.

Answers: 1

continue

Do you know the correct answer?

Customer Name: Charlie Customer Age: 69
Marital Status: Single - Widowed
Dependents: No...