fin100 week 6 hw 1
Complete the following homework problems:
In your own words, please submit your responses on one document (MS Word, MS Excel, PDF). Any resemblance of plagiarism will result in a zero. Your submission will be submitted to SafeAssign. Please show your work. If you don’t show your work, you will not get credit.
- Assume you are employed as an investment advisor. You are working with a retired individual who depends on her income from her investments to meet her day-to-day expenditures. She would like to find a way of increasing the current income from her investments. A new high-yield bond (junk bond) issue has come to your attention. If you sell these high-yield bonds to a client, you will earn a higher- than-average fee. You wonder whether this would be a win-win investment for your retired client, who is seeking higher current income, and for you, who would benefit in terms of increased fees. What would you do?
at least 5 sentences.
