You purchase a stock at the beginning of the year for $50 a share. It pays an annual dividend of $4.00. After one year you sell the stock for $48 a share. What was your holding period return

Points: 1

2. 4.17%
4. 8.00%
6. 4.00%
8. 8.33%

Q2: You purchase 1,000 shares of an AGF mutual fund for $25 and hold it for 2 years, earning a 5% return, compounded monthly. The fund charges a back-end load of 4%. What are your net proceeds upon sale?

2. $26,460
4. $26,519
6. $27,624
8. $27,563

Q3: Which are government sponsored pensions?

I. Canada Pension Plan II. Old Age Security III. Tax Free Savings Account

2. I, II and III
4. I and III, only
6. I and II, only
8. II and III, only

Q4: Susan moved to Canada at the age of 38. She is now 65. If the maximum monthly Old Age Security is $642, how much would she receive per month?

$642

$306

$433

$321

Q5: Which type of trust is created by a will?

2. Alter ego
4. Capital
6. Testamentary
8. Inter vivos

Q6: Which document grants the ability to make specific decisions on behalf of another?

2. Codicil
4. Limited power of attorney
6. Irrevocable trust
8. Living will

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Q1 The calculation for the holding peri... View the full answer