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Which of the following institutional investors are most likely to have a low tolerance for investment risk and relatively high liquidity needs?- h9 a8 A: V; D
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A. Insurance company
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" J. t7 _6 B, F2 m, B/ T4 lB. Charitable foundation
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C. Defined benefit pension plan" S* j3 @, V3 \2 v4 ~# _
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