Drawdown from the book's own high

What happens to the running peak when the book closes a month below its previous high?

• It drops to the new value
• It stays at the previous high
• It resets to the deposit

Your book is valued with interest accrued at each month-end. Should you add the carry sleeve's rate when you work out drawdown?

• Yes, so the drawdown reflects the income
• No, the accrued interest is already in the values
• Only for months when the rate was high