dflorez5985 dflorez5985

26-09-2019
Business

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A customer, age 69, has never invested in securities. She is retired with no dependents, living on a fixed pension of $35,000 per year. She has a savings account with $160,000 and her home is fully paid. She desires to supplement her retirement income, assuming minimal risk. The BEST recommendation would be for the customer to invest $100,000 of her cash savings into a(n):
A.variable annuity contractB.CMO planned amortization class trancheC.SPDRD.income (adjustment) bond

Respuesta :

jepessoa jepessoa

30-09-2019

Answer:

The answer is: B) CMO planned amortization class tranche

Explanation:

A CMO (collateralized mortgage obligations) PAC (planned amortization class) Tranche is the safest way the lady can invest considering her age and financial needs. A PAC is an asset backed security that is an extremely safe investment that guarantees regular payments (in tranches). The downside is that it offers a very low yield. The safer the investment, the lower the yield.

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