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14 Adam's fellow graduate, Jenna, has been trying to decide how much of her new salary she could save for retirement. Jenna is considering 15

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14 Adam's fellow graduate, Jenna, has been trying to decide how much of her new salary she could save for retirement. Jenna is considering 15 putting $3,000 of her annual savings in a stock fund. She just turned 22 and has a long way to go until retirement at age 60, and she considers 16 this risk level reasonable. The fund she is looking at has earned an average of 6.10% over the past 15 years and could be expected to continue 17 earning this amount, on average. While she has no current retirement savings, eight years ago Jenna's grandparents gave her a new 30-year 13 U.S. Treasury bond with a $20,000 face value with 4.25% semiannual coupons. Jenna wants to know her retirement income if she both (1) sells her Treasury bond at its current market value and invests the proceeds in the stock fund and (2) saves 20 an additional $3,000 at the end of each year in the stock fund from now until she retires. Once she retires, Jenna wants those savings to last until she is 94. 57 Question (4 pts): Should serva ell her Treasury bond and test the proceeds in the stock und Give at least one reason for and against this plan? Question (12 pts): SS3333333 SENSE Coca-Cola stock Current Price Annual Dividend Dividend Growth

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