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A younger client with a moderate amount of funds is considering the purchase of a home in the near-term future. For this reason, the investor wishes to keep their assets as liquid as possible in the event that the right deal on a home comes along. As this client's registered representative, which of the following would carry the LEAST amount of liquidity and therefore be unsuitable for this client?
(A) Investment in bonds and bond funds focused on municipal securities
(B) Investment in equity securities such as preferred stock
(C) Investment in a DPP (Direct Participation Program)
(D) Investment in CDs (Certificates of Deposit) with varying short-term maturities
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