答案和详解如下！ Question 80 Mr. Green is a 30-year old marketing professional who is investing for his retirement. Green wants his investment portfolio to provide rates of return greater than the inflation rate. Green is willing to accept a relatively high level of risk to achieve these high expected returns. Green's investment objective is best characterized as:
A) capital appreciation. B) total return. C) current income. D) capital preservation.
The correct answer was A) capital appreciation. A capital appreciation objective is appropriate when the portfolio is intended to gain value over time in terms of purchasing power by earning a return greater than the rate of inflation, and is appropriate when the funds can remain invested for an extended time. A total return objective, which refers to achieving growth in value over time to meet a future need through capital gains and reinvestment of income, is appropriate when the investor's risk tolerance is more moderate.
This question tested from Session 12, Reading 49, LOS c | 
发表于 2008-5-13 21:42
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