Question: The lockup problem involved in rebalancing refers to the problem that: O a. retirement accounts cannot be liquidated prior to retirement. O b. taxable accounts

 The "lockup" problem involved in rebalancing refers to the problem that:

The "lockup" problem involved in rebalancing refers to the problem that: O a. retirement accounts cannot be liquidated prior to retirement. O b. taxable accounts are subject to capital gains taxes if appreciated assets are sold. Oc. trust accounts cannot be traded without incurring administrative costs. O d. illiquid fixed income securities must be held until maturity

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