Series 7 - General Securities Representative Exam
A client is interested in investing, but is concerned with liquidity, as she needs funds for her daughter's college bill. The current year is paid; but she will need access to the funds in 10 months for next year's tuition. Which of the following is the most liquid and may be the most suitable based on this limited information?
Blue chip stocks can be easily bought or sold. Oil and Gas DPPs are extremely illiquid. Muni bonds are not as liquid as blue chip stocks. Class B mutual funds will have a large redemption / sales charge / surrender fee within the first year and would not be appropriate given the known information