a)To diversify her portfolio further, Jessica is considering investing in the Pavillion REIT which is classified as a Retail REIT and which is traded on Bursa Malaysia.Explain to Jessica if compared to Bonds, are REIT's a riskier investment based on the current economic environment in Malaysia.

b)Jessica wants to supplement her EPF contributions with a Private Retirement Scheme (PRS). She intends for the scheme to provide her with a lump sum amount of at least $50,000 when she retires at 55.An investment consultant from CIMB Principal Asset Management has recommended to Jessica a scheme that requires an initial investment $10,000 now and with an additional annual contribution of $500 at the end of every year for the next 30 years. The PRS will invest in the money market and guarantees a return on 2.5% pa. Assume that Jessica has just turned 25 today. Show with calculation if Jessica should proceed with the PRS.