Forest Gump, a hockey player from Edmonton, holds two types of accountsa risky and a retirement account.
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Forest Gump, a hockey player from Edmonton, holds two types of accounts—a risky and a retirement account. He purchases Greek and Spanish bonds for his risky account and invests in Bank of Montreal and Royal Bank of Canada stocks, which are known for paying steady dividends, for his retirement account as he requires a steady source of income after he retires. Explain the behavioural finance concept Forest is exhibiting and how is this influencing his decision-making.
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0071051606
8th Canadian Edition
Authors: Stephen A. Ross, Randolph W. Westerfield
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