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20 Suzanna meets with her insurance agent, Magda, to discuss her investment portfolio. Suzanna's current portfolio consists of equity mutual funds invested within her Registered

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20 Suzanna meets with her insurance agent, Magda, to discuss her investment portfolio. Suzanna's current portfolio consists of equity mutual funds invested within her Registered Retirement Savings Plan (RRSP). She has a 15-year time horizon and she expects that her RRSP will be her most significant source of retirement income. However, Suzanna is uncomfortable with the fluctuations in the value of her account. Suzanna asks Magda about selling her equity mutual funds and moving the money into Guaranteed Investment Certificates (GICs). If Suzanna switches her portfolio to GICS, which of the following risks would Suzanna assume with her new GIC portfolio given her objectives and time horizon? market risk liquidity risk inflation risk economic risk Ca) b) c) d)

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