A friend who is approaching retirement is discussing her investment plan. She tells you that she wants

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A friend who is approaching retirement is discussing her investment plan. She tells you that she wants to find a mutual fund that invests in stock of companies with high fixed costs, such as airlines, software developers, and publishers. “The higher fixed costs should make expenses more predictable, and earnings should be more reliable.” What is your analysis of your friend’s strategy?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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