Question 1-10 points- 10 minutes For the following investment scenarios, identify whether they are: 1. Trading securities 2. Available-for-sale securities 3. Held-to-maturity securities 4. None of the above Each case is independent of the other. 1. Purchase bonds maturing in 20 years. The company intends to use the cash flow generated by the interest payments on the bond to provide employee retirement. Excess cash was used to purchase preferred stock. The preferred stock may need to be sold within the next year if a planned expansion is completed. 2. Bonds were purchased in November of this year. The bonds are expected to be sold in February of next year. 3. 4. A bond that matures in 7 years was purchased. The company is investing money set aside for an expansion project planned 8 years from now. The company is considering an expansion project in 5 years. They purchase a 5 year bond that will cover part of the investment if the project moves forward. If not, they may sell the bond before maturity 5