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15) The constant-ratio plan A) requires the establishment of trigger points for portfolio rebalancing. B) utilizes a predetermined ratio between desired current yield and expected
15) The constant-ratio plan
A) requires the establishment of trigger points for portfolio rebalancing.
B) utilizes a predetermined ratio between desired current yield and expected capital gains.
C) strictly adheres to a buy-and-hold strategy.
D) is an attempt to time the cyclical movements of the market.
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