For the midterm, we are interested not in technical aspects of products, but client suitability.

Given a
Growth Mutual Fund, California Municipal Bond, Dividend Paying Stock of a large diversified
multinational company and one other investment related product of any kind that can be freely chosen
at the author’s discretion, give a summary of specific clients for whom the investment may be
appropriate as well as those for whom it may potentially be inappropriate. The successful submission
will clearly and concisely explain in plain language the reasons why each of the four investments
discussed may individually suit a particular type of client or not. (Address each alone; they are not to be
evaluated together as an overall portfolio.)

The optional investment should not closely resemble any of the three already provided.