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Based on this information, what can be said about Rhonda?

Based on this information, what can be said about Rhonda?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Her annual employment income is: $80,000. Assets: Condo: $250,000 Vehicle: $20,000 DCPP, consisting of the following, totalling: $200.000 Fixed rate GIC maturing in 3 years: $45.000 Fixed rate GIC maturing in 5 years: $55,000 Index linked GIC maturing in 6 months: $60,000 Balanced mutual funds: $40,000 RRSP (Canadian bond segregated fund) $40,000 Cash $1.500 Liabilities: Mortgage: $65.000 Line of Credit: $2,500 Credit cards: $500 Car loan: $12,000 Based on this information, what can be said about Rhonda? Select one: D She will know the income from her DCPP in advance. b. Her investment allocation is not consistent with her investor profile. C. She has a low risk tolerance. d. She has a high-risk tolerance.
Transcribed Image Text:Her annual employment income is: $80,000. Assets: Condo: $250,000 Vehicle: $20,000 DCPP, consisting of the following, totalling: $200.000 Fixed rate GIC maturing in 3 years: $45.000 Fixed rate GIC maturing in 5 years: $55,000 Index linked GIC maturing in 6 months: $60,000 Balanced mutual funds: $40,000 RRSP (Canadian bond segregated fund) $40,000 Cash $1.500 Liabilities: Mortgage: $65.000 Line of Credit: $2,500 Credit cards: $500 Car loan: $12,000 Based on this information, what can be said about Rhonda? Select one: D She will know the income from her DCPP in advance. b. Her investment allocation is not consistent with her investor profile. C. She has a low risk tolerance. d. She has a high-risk tolerance.
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