NO.PZ201805280100000302
问题如下：
A broker proposes to Young three portfolios, shown in Exhibit 1. The broker also provides Young with asset class estimated returns and portfolio standard deviations in Exhibit 2 and Exhibit 3, respectively. The broker notes that there is a $500,000 minimum investment requirement for alternative assets. Finally, because the funds in the money market account are readily investible, the broker suggests using that account only for this initial investment round.
Young wants to earn at least 6.0% after tax per year, without taking on additional incremental risk. Young’s capital gains and overall tax rate is 25%.
Determine which proposed portfolio most closely meets Young’s desired objectives. (Circle one.) Justify your response.
选项：
解释：
1、客户至少要达到6%的收益，越高不是越好吗？如果说还要匹配客户的收益，虽然说了不增加客户的风险，但是也没看到客户的具体的风险在哪里，单独的靠exhibit3 只能得到哪个组合的风险最大，最小。
