Question
Amanda heid several accounts at a firm that declared bankruptty. Fortunately, Amanda's accounts were covered by CIPF. She held the following accounts: 1 non-registered account:
Amanda heid several accounts at a firm that declared bankruptty. Fortunately, Amanda's accounts were covered by CIPF. She held the following accounts: 1 non-registered account: 1 RRSP, and 1 TFSA. How will her accounts be treated for coverage under CIPF
- Al3 accounts will be treated as separate accounts
- The non-registered account and the TFSA will be combined, and the registered account will receive separate coverage.
- Al 3 accounts will be combined
- The RRSP and TF SA wil be combined as separate accounts, the non-registered account is a genoral eccount.
The relationship between a bond's price and the yield to maturity:
- is an inverse relaionship.
- is a positive relationship.
- is a linear relationship
- changes at a constant level for each percentage change of yield to maturity.
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