A Moving to another question will save this response. Question 11 In an investment policy statement, the objectives of an investor are expressed in terms of a, risk and return. Ob risk. c return. d. time horizon Oe, liquidity needs. Moving to another question will save this response. PSC - FI 80 F3 888 F2 FA FS $ 1 # 3 % 2 4 5 Q W E R I A Moving to another question will save this response. Question 12 Which of the following statements is TRUE? a. Unrealized capital gains are taxable. Ob. Realized capital gains are not taxable. O c. Tax-exempt investments are attractive to individuals with low tax liabilities. d. Returns comparisons should be made on an equivalent tax basis. e. Tax rate on capital gain is typically the same as that on dividend income. Moving to another question will save this response esc 80 F1 DOO DOO F2 F3 F4 ! 1 # $ 2 3 4 On ole