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Imagine that you are a trustee of a trust that pays its income to Jones family for life. You've adopted a continuous long-term strategy of
Imagine that you are a trustee of a trust that pays its income to Jones family for life. You've adopted a continuous long-term strategy of investing the trust estate in short-term bank and federal obligations. According to the UPIA (Uniform Prudent Investor Act), your strategy is (select the best answer): Group of answer choices Adequate as it tries to preserve the capital Inadequate because it fails to provide the growth of assets. Adequate because it tries to preserve purchasing power Inadequate because it fails to preserve the real purchasing power
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