Which of the following people purchased the correct asset to meet his or her objective?a. Michelle wanted to be a part owner of
Mamma Rosa's Pizza, so she purchased a bond issued by Mamma Rosa's Pizza.b. Tim wanted a high return, even if it meant taking some risk, so he purchased stock issued by Specific Electric instead of bonds issued by Specific Electric.c. Jennifer wanted to buy equity in Honda, so she purchased bonds sold by Honda.d. All of the above are correct.
Answer:b. Tim wanted a high return, even if it meant taking some risk, so he purchased stock issued by Specific Electric instead of bonds issued by Specific Electric.
