Question 4 1 points Save Answer BIG Investments, an active investment management firm, is selling their mid- to long-term bonds and buying short-term bonds and also looking to increase the proportion of equities in client portfolios. What phase of the equity cycle are BIG's investment managers preparing for? Equity cycle peak Contraction Recovery and expansion Stock market trough 9 Question 3 1 points Save Answer On January 1, your client has a portfolio worth $200,000. It is invested 50% in equities, 40% in bonds and 10% is sitting in cash. On December 31, the equities have increased in value by 20%, the bonds have increased in value by 5% and the cash portion is unchanged. In order to re-balance your client's portfolio you would... Buy $8,000 in bonds and sell $8,000 in equities Buy $12,000 in bonds and sell $12,000 in equities Buy $2,400 in cash, buy $5.600 in bonds and sell $8,000 in equities Buy $2,400 in cash, buy $9,600 in bonds and sell $12,000 in equities