Question: Suppose you have a defined-contribution pension plan. As you go through your working life, in what order would you choose to have the following portfolio

Suppose you have a defined-contribution pension plan. As you go through your working life, in what order would you choose to have the following portfolio allocations: (a) 100 percent bonds and money-market instruments, (b) 100 percent stocks, (c) 50 percent bonds and 50 percent stocks?

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