(Answered) Liam is 28 years old and saving toward his retirement in 35

Finance

Liam is 28 years old and saving toward his retirement in 35 years. In his RRSP he owns 1,000 shares of Royal Bank of Canada valued at $98 each and $125,000 principal value of 4.5% Government of Canada 20-year bonds. The bonds trade at a premium of 30%. Liam wishes to sell his investments and purchase a mutual fund.

Part a

What is Liam's asset allocation? Is it appropriate, and why?

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