Question
An investor has $450,000 in his portfolio. The investor wants to have at least $500,000 in three years from now. Which investment should he choose?
An investor has $450,000 in his portfolio. The investor wants to have at least $500,000 in three years from now. Which investment should he choose?
A money market Mutual Fund with a current yield of 4.5%
A 3-year GIC with an interest rate of 2.99% compounded annually
A short-term bond Mutual Fund that has a 3-year compound annual return of 3.99%
A 3-year Government of Canada Strip bond trading at a price of 90
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New Issues In Financial And Credit Markets
Authors: Franco Fiordelisi , Philip Molyneux, Daniele Previati
1st Edition
0230275443, 978-0230275447
