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QUESTION 96 Joe has $200,000 in his portfolio, which consists of $40,000 of zero-coupon bonds, $80,000 of tech and biotech stocks, and the rest split

QUESTION 96

Joe has $200,000 in his portfolio, which consists of $40,000 of zero-coupon bonds, $80,000 of tech and biotech stocks, and the rest split between an S&P 500 index fund and a Russell 3000 index fund. Joe would like to increase the income from his portfolio but is concerned about reinvestment rate risk. Which of the following mutual is the best choice for Joe?

a. Broad market index fund.

b. International ETF.

c. GNMA fund.

d. Municipal bond fund.

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