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. (Financial advice, 2 points) If the investment objective is to maximize the expected amount of money on hand at the time of her death,

. (Financial advice, 2 points) If the investment objective is to maximize the expected amount of money on hand at the time of her death, which of the two investment strategies would you recommend for this client? (You should ignore any potential tax effects and assume that the probability of default is zero for both investments.) purchasing insurance policy investing in tax-free municipal bonds (buy and hold) 6. (Financial advice, 5 points) Please explain and provide arguments in support of your recommendation from the question above. (250 words max.)

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