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Business, 18.07.2020 02:01 aallyssabrown0120

Customer Name: John Doe Age: 41
Marital Status: Married
Dependents: 1 Child, Age 13
Occupation: Engineer
Household Income: $140,000
Net Worth: $240,000 (excluding residence)
Own Home: Yes
Investment Objectives: Total Return / Tax Advantaged
Investment Experience: 12 years
Current Portfolio Composition: 8% Common Stocks
62% Corporate Bonds
30% Money Market Fund
This client has just been informed that he has been promoted and will be earning $190,000 per year instead of $140,000 per year. The customer intends to use this extra income to fund his 13-year old child's college education. Based on the customer's existing asset mix, the best recommendation would be for the customer to invest the extra $50,000 per year into a(n):.
A. money market fund
B. income fund
C. growth fund
D. inflation protected fund

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Answers: 2

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Customer Name: John Doe Age: 41
Marital Status: Married
Dependents: 1 Child, Age 13 <...
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