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Mary is a retired widow who is financially dependent upon the interest income produced by her bond portfolio. Which one of the following bonds is
Mary is a retired widow who is financially dependent upon the interest income produced by her bond portfolio. Which one of the following bonds is the least suitable for her to own? 6-year, putable, high coupon bond 5-year TIPS 10-year AAA coupon bond 5-year floating rate bond 7-year income bond
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