A long-term investment objective involves a time period of 2 years or less.
Question 2. 2.( TCO 5) Eric Peltz earns $ 70,000 a year. His monthly expenses total $ 3,600. What is the minimum amount of money that Mr. Peltz should set aside in an emergency fund?
$ 1,800 $ 3,600 $ 10,800 $ 21,600 $ 35,000
Question 3. 3.( TCO 5) You currently hold a $ 1,000 corporate bond; however, if interest rates in the overall economy increase, which of the following is most likely to be the market value of this bond?
$ 900 $ 1,100 $ 1,000 The value of the bond will not change.
It is impossible to determine whether the bond ' s value will increase or decrease.
Question 4. 4.( TCO 5) Which of the following individuals should have the highest tolerance for risk?
Joan Cummings, who is a single mother with two small children