Please answer questions #35-39 in picture 1 by using the Appendix in picture 2.

Use the case in Appendix 1 to answer questions 35-39 35. The comments about investment policy statements made by Stephenson's patients are BEST described as: Hrdina a. Correct b. Incorrect c. Incorrect Gionta Correct Correct Incorrect 36. In formulating the return objectives for Stephenson's investment policy statement, the MOST appropriate determining factor for Coppa to focus on is a. b. c. Return desire Ability to take risk Return requirement 37. Stephenson's willingness and ability to take risk can be BEST characterized as: Ability Above average Below Average Above Average WillingnesS a. Below Average b. Above Average c. Above Average 38. Stevenson's Tax and Liquidity Constraints can BEST be described as: Tax Constraint Liquidityconstraint a. Significant b. Significant c. Insignificant Significant Insignificant Insignificant 39. Stevenson's return objective and risk tolerance are MOST appropriately described as: Risk Tolerance Return Obiective d.Below Average b. Above Average c. Above Average Above Average Below Average Above Average