QUESTION 66

Lew Toll retires early at age 55 after a long career as a successful chemist. Lew sells several patents he developed for scientific tools and has in excess of $10 million in investable assets. Lew's children are independent, and he has few financial obligations. Lew has constructed his current portfolio which is weighted heavily toward fixed-income securities with only 10% in large cap equities. Lew describes himself as highly conservative and suggests to his financial advisor that all of his wealth should be invested in Treasury securities. Lew's ability to take risk is most likely:

a. Low.

b. Moderate.

c. Moderate to high.

d. High.