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Tom Inherited $15,000 from His Grandfather

Question 10

Multiple Choice

Tom inherited $15,000 from his grandfather. He wants to invest it where he can realise growth for his children's education yet have liquidity in case of emergency. HIs expectations are most likely obtained by investing in


A) a widely held corporation.
B) his best friend's new auto repair shop.
C) a closely held corporation.
D) government savings bonds.
E) debentures.

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