Patrick Graduated from College Five Years Ago

question 104

Multiple Choice

Patrick graduated from college five years ago.He has set up an emergency fund and has been paying off his student loans.In addition,he participates in the retirement plan offered by his employer.He wants to invest $75 per month in very small companies (capitalization of $300 million or less) .He should purchase _______ stocks.

• A) blue chip
• B) income
• C) micro cap
• D) midcap
• E) penny

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Definitions:

Specific Performance

A legal remedy in contracts law requiring a party to perform their part of the contract, as opposed to paying damages for failing to do so.

Delegation

The transfer of a contractual duty.

Plastic Surgeon

A medical specialist focused on reconstructing or repairing parts of the body by moving tissue for cosmetic or functional reasons.