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Question 1 [20 Marks] (a) Alex is a young investor with high risk tolerance level and hopes to earn money as fast as he can.

Question 1 [20 Marks]

(a) Alex is a young investor with high risk tolerance level and hopes to earn money as fast

as he can. Analyse each of the following plans and evaluate which is the most suitable

plan for Alex.

(12 Marks)

(1) Dollar-cost averaging

(2) Constant-dollar plan

(3) Constant-ratio plan

(4) Variable-ratio p

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