Use this to respond to the Taxable Investment AcC slid Cha TotiCha Given Pete's high level of income, is the large allocation to taxable bonds in a taxable account appropriate? If not, how could it be corrected to be a more efficient bond allocation? Give that there is little opportunity for capital appreciation and poor tax treatment, is the allocation to preferred stocks appropriate? Why or why not? What recommendation would you make to increase his expected total return