Question: A zero - coupon bond would be most appropriate for which investor? a . A high - income earner investing in a fully taxable retail

A zero-coupon bond would be most appropriate for which investor?
a. A high-income earner investing in a fully taxable retail account
b. An individual with variable income and unknown future cash flow needs
c. A corporation with inconsistent cash flows and unknown future tax liabilities
d. A pension fund manager seeking to optimize future cash flows

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