With respect to a target investment portfolio, which of the following statements is true?
A) Once the target investment portfolio is constructed it is relatively easy to implement
B) Once the target investment portfolio is constructed it may not be achievable due to unfavorable tax considerations
C) Once the target investment portfolio is constructed it may not be achievable due to the presence of illiquid investments in the portfolio
D) B and C
E) None of the above is true
Correct Answer:
Verified
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