Multiple Choice
Abala Corporation purchased $50,000 worth of ABC Company stock.The corporation believes that the stock price will double within a few months and plans to sell the stock as soon as its target price is reached.This investment is characterized as ________ securities.
A) held-to-maturity
B) discretionary
C) trading
D) available-for-sale
Correct Answer:
Verified
Correct Answer:
Verified
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