Which of the following would NOT be appropriate for the portfolio of s
QUESTION
Which of the following would NOT be appropriate for the portfolio of someone practicing an investing-for-income strategy?
A) preferred stocks
B) municipal bonds
C) corporate secured bonds
D) bank certificates of deposit
E) junk bonds
ANSWER
Answer: E
Explanation: E) Junk bonds are considered highly speculative. The issuer could default and the investor would lose the investment.
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