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Kwan is a government employee. He receives a steady income which is sufficient to support his family. Kwan also receives additional income in his spare
Kwan is a government employee. He receives a steady income which is sufficient to support his family. Kwan also receives additional income in his spare time writing computer code for video games. Kwan is able to save all this additional income and has accumulated substantial savings. He is risk-averse and invests only in GICs. What is Kwan's investment objective? a) Safety of Principal. b) Tax minimization. c) Liquidity. d) Income
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