A68-year old new customer has investment objectives of preservation of capital and income in retirement. the customer has a low risk tolerance and is in the 35% marginal federal tax bracket and is the 10% state tax bracket. which investment recommendation would be most suitable for this client?
a. investment grade corporate bonds with long maturities
b. preferred stocks of blue chip companies
c. pre-refunded general obligation bonds
d. general obligation bonds that have been escrowed to maturity

Jimmy's delicatessen sells large tins of tom tucker's toffee. the deli uses a periodic review system, checking inventory levels every 88 days, at which time an order is placed for more tins. order lead time is 22 days. daily demand is a constant 1515 tins, so average demand during the reorder period and order lead time (1010 days) is 150150 tins. draw a sawtooth diagram. assume that the beginning inventory level is equal to the restocking level and the desired service level is 99.9%. what is the safety stock level? (hint: look at the formula for calculating restocking level.) what is the average inventory level? the safety stock level is average inventory level is __chart: time (10,20,30), tins (0,150) lines touching both axisthe safety stock level is 0 tinsthe average inventory level is 75 tins