QUESTION 33 Mary George retires early and will have no income other than her portfolio income. Mary believes she will need $500,000 in before-tax income per year to cover her living expenses. Mary has $7 million in investable assets and inflation is expected to be 0.5%. Mary plans on donating $100,000 to the Atlas Foundation, $125,000 to the local hospital, and $33,000 her alma mater's endowment fund. Mary's return objective is closest to: O a. 7.1%. b. 7.4%. c. 7.9%. d. 8.2%. QUESTION 34 The execution stage of the investment management process least likely includes: a. Asset allocation decisions. b. Purchase of individual securities. c. Analysis of capital market expectations. d. Interview with the client