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Your uncle is a senior manager in a large listed Australian company. You overhear him talk about the financial results of his company.
(a) Comment on the suitability of the following assets for investing your $500,000: commercial real estate, equity-based mutual fund, Telstra stock, money market mutual fund, bank fixed deposit. Justify your answer. (5 marks)
(b) How would your choice in a) above change if you don't need the money for another 10 years. (5 marks)