Question
2. Lisa earned $80,000 in salary, $20,000 in net rental income, $6,000 in royalties and $8,000 in interest from corporate bonds in the last year.
2. Lisa earned $80,000 in salary, $20,000 in net rental income, $6,000 in royalties and $8,000 in interest from corporate bonds in the last year. She also contributed $4,000 to a spousal RRSP during the same period. The previous years pension adjustment is $7500. Excluding any carry forward amount, how much can she contribute to her RRSP without over contribution this year?
Select one:
a. $9,020
b. $15,080
c. $7,580
d. $19,080
5.
Generally speaking, what type of investors is mortgage-backed securities (MBS) most suitable for?
Select one:
a. Investors seeking some international diversification.
b. Risk-averse investors seeking stable monthly income with some capital gain potential.
c. None, as they are illegal due to the recent financial crisis.
d. Investors seeking higher capital gain, able to assume high risk.
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