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Jin, age 29, is beginning to contemplate his financial future. Right now, he lives in a metro city where he has to walk to work.

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Jin, age 29, is beginning to contemplate his financial future. Right now, he lives in a metro city where he has to walk to work. Although he loves the excitement of the city, he wants to buy a van as he has always dreamed of becoming a digital nomad. His goal is to begin saving for this objective right away. Jin has identified three possible portfolios that might be appropriate choices as he begins investing to reach his objective. Each portfolio consists of the following stocks, bonds, and cash assets. I Portfolio A 10% cash Portfolio B 15% cash Portfolio C 20% cash 20% bonds 40% bonds 50% bonds 70% stocks 45% stocks 30% stocks Assume that the average return of each asset is as follows: Stocks 10%, bonds 5%, and cash 2%. Portfolio A Portfolio B Asset Rate of Class Portfolio C Asset Weighted Allocation Return Asset Weighted Asset Weighted Allocation Return Allocation Return Return Cash 2% 10% (a) 15% (d) 20% Bonds 5% 20% (b) 40% (e) 50% (h) Stocks 10% 70% (c) 45% (f) 30% (i) Portfolio Return (1) (11) (111) *Note: Weighted Return (Asset Class Rate of Return) x (Asset = Allocation) Note2: Portfolio Return = Sum of Portfolio's Weighted Return 5. After attending five weeks of financial education workshops, Jin became very confident in investing. His risk tolerance is now slightly above the average. Jin decides not to buy a van and establishes a new financial goal - buying a farmhouse in 10 years. Based on his new risk tolerance level and time horizon for his new goal, which portfolio would be most appropriate? Portfolio A Portfolio B Portfolio C It is hard to know based on the given information

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