All of the following are TRUE regarding principal protected notes EXCEPT: Principal protected notes consist of a zero coupon bond and a call option Principal protected notes are guaranteed by a chartered bank Principal protected notes are not CDIC insured Principal protected notes allow investors to withdrawal their investment before maturity Question 24 (1.2 points) The Life Cycle Theory assumes that younger clients can take on more risk in the pursuit of higher returns and that the risk-return relationship reverses as clients' age True False