Why did they choose allocation range 0 - 10% for money market?
Yeo wants to leave 6 months cash reseve for living expenses on a portfolio of 10 to 11 million. That is about 1.5 million / approx 11 million > 10% !!!
Thanks
The question reads: ‘Yeo’s current after-tax salary is equal to her current living expenses of MYR250,000 annually.’
250,000/2 = 125,000 for 6 months. 125,000/10,000,000 = 1.25%
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