Let's assume the following situation: A Wealth Management firm in Minneapolis has hired you. In your first job, you need to answer a couple of questions to a prospective client whose net worth is USD 2 million. This client has the following questions for you: Assume that I invest my wealth in equity securities with a beta of 1 (Market Portfolio). What is your best estimate for the closing price of the Standard and Poors at the beginning of December (closing price of November 30)? Please, provide in a paragraph the value, the accumulated percentage return you are expecting for the two-month period (October and November), and the reasoning behind your forecast, that is, what you think the market will go up or down. Your client also wants to know what type of securities the client can incorporate into the portfolio before Election Day if the tepid market gains of this year evaporate due to the election result. Provide another paragraph with your explanation. Only suggest equity or fixed income securities and do not recommend derivatives. This client hates derivatives