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11. For which of the following clients would a mutual fund C share be most suitable? Assume that breakpoints kick in at $25,000. a. Jordan, who has $15,000 to invest now and intends to maintain her account for at least 5 years. b. Thelma, who has $20,000 to invest now and intents to add $5,000 to the account by the end of the each of the next three years c. Mary, who has $35,000 to invest and intends to maintain her fund for at least five years d. Mike, who has $5,000 to invest now, will add an additional $5,000 in six months, but doesn't intend to maintain his investment for much more than a year

11. For which of the following clients would a mutual fund C share be most suitable? Assume that breakpoints kick in at $25,000. a. Jordan, who has $15,000 to invest now and intends to maintain her account for at least 5 years. b. Thelma, who has $20,000 to invest now and intents to add $5,000 to the account by the end of the each of the next three years c. Mary, who has $35,000 to invest and intends to maintain her fund for at least five years d. Mike, who has $5,000 to invest now, will add an additional $5,000 in six months, but doesn't intend to maintain his investment for much more than a year

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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11. For which of the following clients would a mutual fund C share be most suitable? Assume that breakpoints kick in at $25,000. a. Jordan, who has $15,000 to invest now and intends to maintain her account for at least 5 years. b. Thelma, who has $20,000 to invest now and intents to add $5,000 to the account by the end of the each of the next three years c. Mary, who has $35,000 to invest and intends to maintain her fund for at least five years d. Mike, who has $5,000 to invest now, will add an additional $5,000 in six months, but doesn't intend to maintain his investment for much more than a year
Transcribed Image Text:11. For which of the following clients would a mutual fund C share be most suitable? Assume that breakpoints kick in at $25,000. a. Jordan, who has $15,000 to invest now and intends to maintain her account for at least 5 years. b. Thelma, who has $20,000 to invest now and intents to add $5,000 to the account by the end of the each of the next three years c. Mary, who has $35,000 to invest and intends to maintain her fund for at least five years d. Mike, who has $5,000 to invest now, will add an additional $5,000 in six months, but doesn't intend to maintain his investment for much more than a year
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