All of the following are examples of the "income objective" of investment except:
A) A 65-year-old planning how to use his wealth to support himself now that he is retired.
B) A pension fund trying to match revenues to its current pension payout needs.
C) A university endowment fund wanting to use gift assets to fund an annual scholarship program.
D) A 25-year-old planning to be able to buy a house in 5 years.
E) A bank investing assets so as to be able to pay interest on current savings deposits.
Correct Answer:
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