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| For this question only, assume that Barbara has accepted an offer to work part-time as a lounge singer in Las Vegas for the next five years but still continue with her traveling as a blues singer. This position will pay her a gross income of $45,000 annually. However, the Analees annual living expenses will increase to $85,000. After five years, Barbara plans on returning to retirement at which point, the Analees living expenses will return to 75,000 per year in today's dollars. Also assume they will live for 30 more years at which time the portfolio will be completely spent down. Based on this new information, what is the Analees return objective? A. 6.97%. B. 6.48%. C. 2.39%. |