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Mr. Nick Dumas, your client, has asked you to invest his $30 million into AAA bonds since he is highly risk-averse. Mr. Dumas is 40

Mr. Nick Dumas, your client, has asked you to invest his $30 million into AAA bonds since he is highly risk-averse. Mr. Dumas is 40 years of age, has a high-income ($800,000) job, and wants income as his return objective. He consequently pays a high tax bill of $200,000 annually. Elaborate on the prudence of the above recommendations.

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