Ross wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% rate of return. However, he would like to earn a higher return. Ross should keep in mind that to earn a higher return on his money he: A)will have to invest overseas. B) should invest in a business that has a very stable and predictable rate of return. C)will probably have to accept a higher level of risk. D) will probably have to engage in illegal activities
Ross wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3% rate of return. However, he would like to earn a higher return. Ross should keep in mind that to earn a higher return on his money he: A)will have to invest overseas. B) should invest in a business that has a very stable and predictable rate of return. C)will probably have to accept a higher level of risk. D) will probably have to engage in illegal activities
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
Problem 1PS
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Ross wants to invest some money that he just inherited. He found that his bank offers a savings account paying a guaranteed 3%
A)will have to invest overseas.
B) should invest in a business that has a very stable and predictable rate of return.
C)will probably have to accept a higher level of risk.
D) will probably have to engage in illegal activities
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