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10. Mary Canfield purchased the All-Canadian Compound bond fund. While this fund doesn't charge a front-end load, it does charge a contingent deferred sales load

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10. Mary Canfield purchased the All-Canadian Compound bond fund. While this fund doesn't charge a front-end load, it does charge a contingent deferred sales load of 3 percent for any withdrawals in the first five years. If Mary withdraws $11,800 during the second year, how much is the contingent deferred sales load? (2 marks) 11. Jean and Dan both work. Each earns a salary of $48,500, but only Jean is a member of a registered pension plan. Both she and her employer contribute 3 percent of her gross salary to a defined contribution pension plan. Jean has no unused RRSP room carried forward as she has maxed out her RRSP each year. Dan has $15,000 of unused RRSP contribution room carried forward showing on his Notice of Assessment. Calculate the maximum RRSP contribution that each can make this year. (6 marks)

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