susan shaw has inhented $1.5 million from her great uncle. susan is a 28-year-old graduate student at the university of Toronto, and she has a job at Torontopower. she does not need these funds and intends to invest them for her future retirement. after learning of this, she has been inundated with opportunities from colleagues and others looking to attract the funds. the opportunity she is assessing is to purchase a fully tenanted commercialstrip mail for$1.5 million, this asset will be managed by a third party and susan will receive semi-annual payments of $67000 after management fees.

including the commercial real estate investment above and assuming identical risk and a 10- year holding period for each investment. Returns are after tax impacts. which investment provide the highest return for susan.

1: Government of Canada Bond 2.45%YTM

2:Disney corp Preferred stock 4.75%

3:Torntworks Venture fund 6.75%