Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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What is the least-risky asset for each of the following investors?
a. A person investing for her 3-year-old child’s college tuition.
b. A defined benefit pension fund with benefit obligations that have an average duration of 10 years. The benefits are not inflation-protected.
c. A defined benefit pension fund with benefit obligations that have an average duration of 10 years. The benefits are inflation-protected.
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