Cristina wants to add a mutual fund to her portfolio offering dividend income. She is considering either apreferred dividend fund or a standard equity fund. What is an important difference for Cristina to considerwhen comparing these two types of funds?
Frederic recently sold his units in a US dollar (USD) denominated mutual fund. He wants to convert theproceeds back to Canadian dollars (CAD). If he received proceeds of $1,200 USD from the sale and theexchange rate is $1 CAD for $0.99 USD, how much will Frederic receive in Canadian dollars?
Your employer has a contributory group RRSP under which he matches employee contributions, up to amaximum of 5% of salary.Which of the following statements about a group registered retirement savings plan (RRSP) is CORRECT?