1. Assuming you earn $35,000 salary. The Easy Method of estimating your life insurance shown in the textbook indicates you should have life insurance worth:
A. $122,500
B. $171,500
C. $175,000
D. $245,000
2. As an investor, you decide your goal is a balanced portfolio. Which of the following asset allocation strategies is the best fit with your goal?
A. 20% stocks, 80% bonds
B. 40% stocks, 60% bonds
C. 70% stocks, 30% bonds
D. All of the above.