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A/an stock is the stock of a large, wel...

A/an _______ stock is the stock of a large, well-established and financially sound company that has operated for many years.

A

Cyclical

B

Defensive

C

Blue-chip

D

Income

Text Solution

Verified by Experts

The correct Answer is:
C
Blue chip stocks are popular stocks to buy because they represent stable companies that often pay attractive dividends. There is no official definition for a blue chip stock, but in general they are large, well-established and financially sound companies that have operated for many years.
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