Suppose That You Are a Broker and People Tell You

Essay

Suppose that you are a broker and people tell you the following about themselves. What sort of bond would you recommend to each? Defend your choices.
a. "I am in a high federal income-tax bracket and I don't want to take very much risk."
b. "I want a high return and I am willing to take whatever risk necessary to get it."
c. "I want a decent return and I have enough deductions that I don't value tax breaks highly."