问题如下：
Two years later, Daasvand learns that Villash Foundation needs $5,000,000 in cash to meet liabilities. Villash Foundation is a tax-exempt client.
She asks Perreaux to analyze two bonds for possible liquidation. Selected data on the two bonds are presented in Exhibit 2.
Based on Exhibit 2, the optimal strategy to meet Villash Foundation’s cash needs is the sale of:
选项：
A. 100% of Bond 1
B. 100% of Bond 2.
C. 50% of Bond 1 and 50% of Bond 2.
解释：
A is correct.
The optimal strategy for Villash is the sale of 100% of Bond 1, which Perreaux considers to be overvalued. Because Villash is a tax-exempt foundation, tax considerations are not relevant and Perreaux’s investment views drive her trading recommendations.
