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QUESTION 15 Refer to the table below: MM Mutual Time Period Stock Price Shares Fund NAV Shares $20.00 1,000 $20.00 1,000 $30.00 1,000 $19.00 1,000

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QUESTION 15 Refer to the table below: MM Mutual Time Period Stock Price Shares Fund NAV Shares $20.00 1,000 $20.00 1,000 $30.00 1,000 $19.00 1,000 Assume you are using a variable-ratio plan. You have decided that when the speculative portfolio reaches 60% of the total, you will reduce its proportion to 45% for speculative portion. What action, if any, should you take in time period 2? Be specific

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