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

Submit Now - submits your answer choices for grading. Close - exits the exam. 16 Connie opens a tax-free savings account (TFSA) and invests $10,000 in the Skymark Balanced Segregated Fund. The fund has a 75% maturity guarantee, a 100% death benefit guarantee, and is purchased with a front-end load (FEL) of 4%. Connie names her husband Khaled as beneficiary. The Skymark Balanced Segregated Fund declines in value to $9,000. Which of the following statements about Connie's investment in the segregated fund is CORRECT? Da Any top-up required for Connie's maturity guarantee will be taxable as interest. Ob) The $10,000 contribution that Connie made to the TFSA is tax-deductible. Oc) If Connie were to die today, Khaled would receive $10,000 as beneficiary. Od) If Connie withdraws $1,000 in year 1, the redemption fee will be $40. 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. 17 Jasha, age 45, meets with his insurance agent, Byron, to discuss an investment strategy. Jasha plans to borrow $100,000 from his bank in order to purchase a portfolio of non-registered segregated funds. Before Jasha proceeds with this strategy, Byron cautions Jasha about the potential risks. Which of the following risks can arise from Jasha' borrowing strategy? Da) longevity risk Ob ) leverage risk DC) liquidity risk Od) credit risk Close - exits the exam. 18 Suzanna meets with her insurance agent, Magda, to discuss her investment portfolio. Suzanna's current portfolio consists of equity mutual funds invested within her Registered Retirement Savings Plan (RRSP). She has a 15-year time horizon and she expects that her RRSP will be her most significant source of retirement income. However, Suzanna is uncomfortable with the fluctuations in the value of her account. Suzanna asks Magda about selling her equity mutual funds and moving the money into Guaranteed Investment Certificates (GICs). If Suzanna switches her portfolio to GICs, which of the following risks would Suzanna assume with her new GIC portfolio given her objectives and time horizon? Da) market risk Db) liquidity risk Oc) inflation risk Od) economic risk Prev Next View Summary Close 19 Eugenio is working with his client, Fionna, to develop her investor profile. Fionna is retiring next year and she does not have a pension from her employer. However, Fionna has managed to save a substantial amount in her registered retirement savings plan (RRSP), which makes up the majority of her investment assets. Fionna is widowed and has two adult children. When she passes, Fionna would like to leave her children some money, if there is any left. Up until this time, Fionna has managed her own RRSP account. After review, Eugenio determines that the asset allocation is generally appropriate for her current situation. Which of the following investor needs is the MOST important to Fionna? Oa) need for tax efficiency Ob) need for estate planning Oc ) need for retirement income Od ) need for investment management