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What is correct regarding optimal life-cycle portfolio choices according to Coco et al. (2005)? (1) One should invest in a 100% bond portfolio after retirement

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What is correct regarding optimal life-cycle portfolio choices according to Coco et al. (2005)? (1) One should invest in a 100% bond portfolio after retirement (2) One should always invest some portion of the portfolio in stock (3) The portion invested in stock increases from age 20 to 65 (4) The percentage invested in stock should be 100-age

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