How much has Lennox invested in OPQ shares? (1 Mark)

Question 54 options:

	$13,500
	$14,250
	$12,700
	$13,750
	$12,500

Question 55 (2 points)

How many shares (rounded down to the whole share) would Lennox have? (2 Marks)

Question 55 options:

	361
	314
	349
	277
	283

Question 56 (2 points)

What would be average cost per share for Lennox's investment? (2 Marks)

Question 56 options:

	$39
	$40
	$44
	$41
	$38

Question 57 (2 points)

If Lennox sold their OPQ shares at $50 per shares, what would be their capital gains from their investment? (2 Marks)

Question 57 options:

	$4,113
	$3,839
	$4,124
	$3,168
	$3,971

Final Exam Part H

The following are the January prices for AGF Global Growth Balanced Fund.

Date	Adjusted Closing Fund Price
Jan-2016	8.901333
Jan-2017	8.936035
Jan-2018	9.276979
Jan-2019	8.78395
Jan-2020	9.510704

Question 58 (1 point)

What was the annual percentage return for the period of years 2016 to 2017 for this mutual fund? (1 Mark)

Question 58 options:

	1.82%
	0.75%
	0.96%
	2.20%
	0.39%

Question 59 (1 point)

What was the annual percentage return for the period of years 2017 to 2018 for this mutual fund? (1 Mark)

Question 59 options:

	2.29%
	4.09%
	1.51%
	3.82%
	2.25%

Question 60 (1 point)

What was the annual percentage return for the period of years 2018 to 2019 for this mutual fund? (1 Mark)

Question 60 options:

	0.71%
	1.95%
	-4.57%
	-5.31%
	-5.20%

Question 61 (1 point)

What was the annual percentage return for the period of years 2019 to 2020 for this mutual fund? (1 Mark)

Question 61 options:

	9.94%
	9.84%
	10.82%
	8.27%
	7.70%

Question 62 (1 point)

Sawyer has invested $1,500 in this fund in January 2016, how many units would they own? (1 Mark)

Question 62 options:

	122.56
	159.70
	148.51
	180.07
	168.51

Question 63 (2 points)

Sawyer then decides to sell these funds on January 2020. How much would be their capital gains (or loss) be from their investment (dollar terms)? (2 Marks)

Question 63 options:

	$72.69
	$100.24
	$99.54
	$89.45
	$102.69

Question 64 (2 points)

What would have been their percentage capital gain (or loss) from their investment? (2 Marks)

Question 64 options:

	5.79%
	6.85%
	4.11%
	9.47%
	4.54%

Question 65 (2 points)

What would be their average annual rate of return from their investment? (2 Marks)

Question 65 options:

	1.200%
	1.443%
	0.431%
	1.669%
	2.184%

Final Exam Part I

Briar is planning to apply for a new credit card and is considering the following three choices. They are also planning to buy a $800 big screen television and plans to pay for this over a two-year period by making equal monthly payments.

Credit Card	Annual Interest Rate	Annual Fee
MBNA True Line Master Card	8.99%	$39
CIBC Select VISA Card	13.99%	$29
American Express Essential Credit Card	12.99%	$0

Question 66 (1 point)

What would be their monthly payments for using the MBNA True Line Master Card over a two-year period? (1 mark)

Question 66 options:

	$35.75
	$35.77
	$36.84
	None of the Others
	$36.54

Question 67 (1 point)

What would be his monthly payments for using the CIBC Select VISA card over a two-year period? (1 mark)

Question 67 options:

	$37.00
	$40.55
	None of the Others
	$38.41
	$39.84

Question 68 (1 point)

What would be his monthly payments for the American Express Essential Credit Card over a two-year period? (1 mark)

Question 68 options:

	None of the others
	$38.03
	$37.55
	$36.75
	$39.77

Question 69 (1 point)

How much in interest charges would he pay using the American Express Essential Credit Card (Hint: Total Interest = (number of payments * amount of payments) - loan amount)? (1 mark)

Question 69 options:

	None of the Others
	$109.94
	$112.71
	$111.75
	$108.16

Question 70 (1 point)

How much in interest charges would he pay using the CIBC Select Visa card (Hint: Total Interest = (number of payments * amount of payments) - loan amount)? (1 mark)

Question 70 options:

	$120.45
	$121.76
	$119.10
	$119.94
	None of the others

Question 71 (1 point)

How much in interest charges would he pay using the MBNA True Line Master Card (Hint: Total Interest = (number of payments * amount of payments) - loan amount)? (1 mark)

Question 71 options:

	$79.94
	$75.75
	$78.16
	None of the others
	$77.06

Question 72 (1 point)

How much in total financing costs (interest costs and annual fees) for the CIBC Select Visa Card over the 2-year period (Hint: Total Financing Costs = Total Interest Costs + Total Annual Fees)? (1 mark)

Question 72 options:

	None of the others
	$179.76
	$177.67
	$176.16
	$178.45

Question 73 (1 point)

How much in total financing costs (interest costs and annual fees) for the MBNA True Line Master Card over the 2-year period (Hint: Total Financing Costs = Total Interest Costs + Total Annual Fees)? (1 mark)

Question 73 options:

	$156.16
	$154.10
	$155.06
	None of the Others
	$162.75

Question 74 (1 point)

How much in total financing costs (interest costs and annual fees) for the American Express Essential Credit Card over the 2-year period (Hint: Total Financing Costs = Total Interest Costs + Total Annual Fees)? (1 mark)

Question 74 options:

	$110.45
	$111.94
	$112.71
	None of the Others
	$109.16

Question 75 (1 point)

Based on your above calculations, which credit card should Gregg apply for? (1 Mark)

Question 75 options:

	MBNA True Line Master Card
	They are all the same costs
	CIBC Select Visa
	American Express Essential Credit Card

Answer rating: 100% (QA)

SOLUTION Here are the answers to the questions Question 1 13500 Question 55 349 Question 5... View the full answer