I need help with these questions please. I am not sure if these are correct or not. Please help

20 Kachina reviews her client Laird's existing investments. She notices that all of his investments are concentrated in long- term investments or investments with long durations to maturity. Laird is planning on buying a house soon, within the next 2 to 3 months. He will need approximately $50,000 from his investments to put towards the down payment on the house and additional amounts to cover other costs including legal fees and land transfer costs.. Which of the following BEST describes what Laird should do given his planned home purchase? Da) He should purchase an immediate life annuity. Ob) He should purchase some highly liquid investments. c) He should purchase an accumulation annuity. Od) He should keep his investments as they are. Prev Next View Summary Close 21 You meet with your client, Yolanda, for an investment discussion. After completing your analysis, you recommend that Yolanda purchase a single life prescribed annuity. Yolanda accepts your advice and proceeds with the purchase. Which of the following statements about Yolanda's investment is CORRECT? i. Yolanda must begin receiving payments on or before December 31 of next year. ii. Yolanda can name herself or her spouse as annuitant. iii. The annuity payments can be indexed over time to offset the effects of inflation. iv. Every annuity payment will contain a level amount of interest and principal. Da) i and iii Ob) i and iv Oc) ii and iii Od) ii and iv Close - exits the exam. 22 Esai, age 76, owns a segregated fund contract from the Maple Leaf Insurance Company. 10 years ago, Esai invested $95,000 in the segregated fund. Upon maturity, it is now valued at $55,000. The contract has a 75% maturity guarantee and 100% death benefit guarantee. However, the Maple Leaf Insurance Company has gone bankrupt and can no longer honour its guarantees. In this case, how much will Esai receive under the terms of his contract? Da) $60,000.00 Ob) $60,562.50 Oc) $71,250.00 Od) $80,750.00 Prev Next View Summary Close Next - saves your answer and allows you to go to the next question. View Summary - allows you to view your answer choices and those you marked for review. Submit Now - submits your answer choices for grading. Close - exits the exam. 23 Trina purchases a US government bond, denominated in US dollars. The bond is issued in Canada and she purchases it through her investment dealer in Toronto, Ontario. The bond has a $25,000 face value and a 3% coupon rate. Which of the following statements about Trina's investment are CORRECT? i. Trina owns a Eurobond. ii. Trina will receive semi-annual payments of $750. iii. Trina's coupon payments are taxed more favourably than a GIC. iv. Trina will have a capital gain if she sells the bond for more than $25,000. Da) i and iii i and iv ii and iii Od) ii and iv Prev Next View Summary Close