The available options are:
A. Treasury Bills
B. Treasury Notes
C. Preferred Stock
D. Certificates of Deposit
Answer:
B. Treasury Notes
Step-by-step explanation:
The interest rates on Treasury notes are considered marketable and it is paid semi-annually to the owner, hence, it is the right and smart choice for the retired customer that want liquid, marketable and regular income.
The interest rates on Treasury Bills are not paid regularly, therefore, it is not a better choice for the retired customer.
Preferred stock is considered marketable. However, in comparison with Treasury bills and Treasury Notes, it is not as marketable.
Certificates of Deposit are considered to be non-negotiable, non-marketable, therefore, it is not what the retired customer needs.