Question 31 (2 points) Typically when a mortgage borrower pays down ____ of the transaction value, then he/she will not be required to buy the mortgage insurance. o 20% O 10% 5% 40% 15% Question 30 (2 points) The mortgage variable rate is equal to the index rate plus a fixed margin. What is the index rate used in Canada? over-night lending rate real interest rate plus inflation rate O prime rate O saving and loan benchmark rate O Toronto's interbank lending rate Question 28 (2 points) Which of the follows is not a reason for share repurchase? O To prevent managers from taking wasteful projects To provide a tax-free return to shareholders 0 To starve off a take-over attempt To signal the current share price is too low To alter capital structure Question 29 (2 points) A firm's dividend policy is not an independent decision, normally joined with capital structure and capital budgeting decision. True 1 False