You purchase a stock at the beginning of the year for $50 a share. It pays an
Question:
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
- 4.17%
- 8.00%
- 4.00%
- 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?
- $26,460
- $26,519
- $27,624
- $27,563
Q3: Which are government sponsored pensions?
I. Canada Pension Plan II. Old Age Security III. Tax Free Savings Account
- I, II and III
- I and III, only
- I and II, only
- 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?
- Alter ego
- Capital
- Testamentary
- Inter vivos
Q6: Which document grants the ability to make specific decisions on behalf of another?
- Codicil
- Limited power of attorney
- Irrevocable trust
- Living will
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller