Liam is 28 years old and saving toward his retirement in 35 years. In his RRSP he owns 1,000 shares of Royal Bank of Canada valued at $98 each and $125,000 principal value of 4.5% Government of Canada 20-year bonds. The bonds trade at a premium of 30%. Liam wishes to sell his investments and purchase a mutual fund. I need to know what is Liam’s asset allocation ans if it is appropriate, and why?RRSP = 1000 X 98$ = 98000 But how do I calculate the Bonds ??
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