Evaluate the most likely effects of the following events on the investors investment objectives, constraints, and financial plan.

A. A childless working married couple in their late 20s adopts an infant for whom they hope to provide a college education.

B. An individual decides to buy a house in one year. He estimates that he will need $102,000 at that time for the down payment and closing costs on the house. The portfolio from which those costs will be paid has a current value of $100,000 and no additions to it are anticipated.

C. A foundation with a 150,000,000 portfolio invested 60 percent in equities, 25 percent in long-term bonds, and 15 percent in absolute return strategies has approved a grant totaling 15,000,000 for the construction of a radio telescope observatory. The foundation anticipates a new contribution from a director in the amount of 1,000,000 toward the funding of the grant.