NO.PZ202206210100000502
问题如下：
Which of the sub-portfolios dedicated to Lennon’s aspirational goals is in the best position to tolerate the greatest risk exposure? The one dedicated to:
选项：
A.Everett’s education
B.Marshall’s trust
C.University endowment
解释：
Solution
A is correct. Both of the funds planned for the trust and university endowment represent an imminent need (immediate for the trust and within two years for the endowment). The funding needed for education, however, extends over the longest time horizon, possibly as long as 8 to 10 years. Thus, its sub-portfolio would be in the best position to take on the greatest risk.
B is incorrect. Although the special needs trust for Marshall will provide benefits for his entire life, and therefore has a long-time horizon, from Lennon’s perspective it requires immediate funding and should be very liquid and bear little risk.
C is incorrect. Funding of the university endowment involves a short-term time horizon (within two years) so it should bear little risk.
教育经费是优先级比较高的目标吧？按理说不应该承受太高风险，况且endowment这种属于aspirational的，为什么不选C？
