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John Smith, one of your clients, has asked you about the wisdom of investing $25,000 of his funds in a certificate of deposit at his bank. In your advice to him, which of the following characteristics of typical small CDs should you point out?

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John Smith, one of your clients, has asked you about the wisdom of investing $25,000 of his funds in a certificate of deposit at his bank. In your advice to him, which of the following characteristics of typical small CDs should you point out?

  • The availability of an active secondary market
  • The option to redeem the CD prior to maturity, without penalty
  • The protection provided by the Federal Deposit Insurance Corporation
  • The requirement of a minimum investment of $100,000
 
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