York Co Assigns a Conditional Contract with Bevier to Zeno Finance

question 25

True/False

York Co. assigns a conditional contract with Bevier to Zeno Finance on November 10^th. Zeno Finance notifies Bevier of the assignment on November 17^th. Bevier had mailed his cheque to York Co., due on November 15^th, on November 12^th. Bevier must put a stop payment on the cheque to York Co. and issue a new one to Zeno Finance for the November 15^th payment.

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Definitions:

Stock-index Mutual Fund

A mutual fund that mimics the composition and performance of a particular stock market index, allowing investors to invest in the performance of the whole market or specific sectors.

S&P 500

A benchmark tracking the performance of 500 major U.S. companies listed on stock exchanges.

Diversification Benefit

The reduction of risk achieved by allocating investments among various financial instruments, industries, or other categories to maximize return.

Correlation Coefficients

A statistical measure that describes the extent to which two variables change together.