100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
INV COs QUIZ Comprehensive Exam Practice Questions With Verified Answers Graded A+. $14.99
Add to cart
Quickly navigate to
Preview
  2.  
  3. INV.
  4.  
  5. INV.

Exam (elaborations)

INV COs QUIZ Comprehensive Exam Practice Questions With Verified Answers Graded A+.
 0 purchase
  • Course
  • INV.
  • Institution
  • INV.

The formula for the expense ratio of a mutual fund is: A Net Investment Income / Distributions to Shareholders B Net Investment Income - Distributions to Shareholders C Total Expenses - Total Net Assets D Total Expenses / Total Net Assets - correct answer ...

[Show more]

Preview 3 out of 22  pages

Document information

  • August 22, 2024
  • 22
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

Written for

  • INV.
  • INV.

Seller

avatar-seller
RealGrades

Reviews received

Content preview

INV COs QUIZ

The formula for the expense ratio of a mutual fund is:

A

Net Investment Income / Distributions to Shareholders

B

Net Investment Income - Distributions to Shareholders

C

Total Expenses - Total Net Assets

D

Total Expenses / Total Net Assets - correct answer d



The customer wants to start a college fund for her child. The anticipated tuition, starting 8 years from
now, is $50,000 per year ($200,000 total tuition). Which of the following recommendations is most
appropriate for this customer?



A

liquidate $200,000 of common stock in the client's portfolio and invest the entire proceeds in 8-year
Treasury Notes

B

take out a second mortgage on the customer's residence in the amount of $200,000 and invest the
proceeds in a tax-deferred annuity funded by an income separate account

C

liquidate $160,000 of the common stock and invest the proceeds in laddered Treasury Notes and Bonds
of $40,000 amounts maturing 8, 9, 10 and 11 years from now

D

liquidate $100,000 of the bonds in the customer's portfolio and $100,000 of common stock in the
customer's portfolio and invest the entire proceeds in 8-year Adjustment Bonds - correct answer
c

,Which statements are TRUE regarding a Roth IRA?

I Roth IRAs allow a greater contribution than Traditional IRAs

II Roth IRA contributions are not tax deductible

III Distributions from a Roth IRA are not taxable if the investment is held for at least 5 years

IV The legal maximum contribution amount can be made to both a Roth IRA and a Traditional IRA
annually

A

I and III

B

I and IV

C

II and III

D

II and IV - correct answer c



To meet the customer's investment objective of tax advantaged income, the BEST recommendation is
for the customer to:



A

immediately liquidate the entire Dyno-Mite position and invest the proceeds in high yield bonds

B

set a minimum and maximum threshold price to liquidate as much of the Dyno-Mite stock as the
customer will permit, and invest the proceeds in high yielding common and preferred stocks

C

liquidate the IRA without penalty since Jack is past age 59 1/2, and use the proceeds to buy corporate
income bonds

D

consider early retirement, since Jack is old enough to receive Social Security as a means of
supplementing income - correct answer b

, The "death benefit" associated with a variable annuity contract:

I applies prior to annuitization

II applies after annuitization

III means that, upon death, the insurance company will make a lump sum payment to complete the
terms of the contract

IV means that, upon death, the insurance company will pay a beneficiary at least the amount invested in
the contract

A

I and III

B

I and IV

C

II and III

D

II and IV - correct answer b



n income fund would likely invest in all of the following securities EXCEPT:

A

Debentures

B

Treasury STRIPS

C

Preferred Stock

D

High Yield Bonds - correct answer b



Assets - Liabilities for a mutual fund equals:

A

Net Worth

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller RealGrades. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $14.99. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

63950 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 15 years now

Start selling

Recently viewed by you

Summary ·

(0)

Summary ISE Vander's Human Physiology - Physiology Bachelor of Sciences (FLGX123)

Exam (elaborations) ·

(0)

BIOS-256: ANATOMY & PHYSIOLOGY IV WITH LAB EXAM 2 B WITH 100% CORRECT ANSWERS

Package deal ·

(0)

UCLA Bundled Exams Questions With Complete Solutions (Graded A+) Guaranteed Success

Summary ·

(0)

Samenvatting Cardiochirurgie prof. François Problemen van hart en bloedvaten

Summary ·

(1)

Uitgebreide samenvatting van rechtssociologie en rechtspleging week 1-4 v/d vu 2024

Exam (elaborations) ·

(0)

McDonalds Crew Trainer Test | 100% Correct Answers | Verified | Latest 2024 Version

Package deal ·

(0)

COMBINATIE THEORIE EN PRAKTIJK NEUROMOTORISCHE REVALIDATIE VAN VOLWASSENEN

Exam (elaborations) ·

(0)

ACRP CP FINAL EXAM LATEST 2024 REAL EXAM 150 QUESTIONS AND CORRECT ANSWERS AGRADE.

Summary ·

(1)

samenvatting stoornissen in de taalontwikkeling 2. Taalwetenschap jaar 1 RUG
$14.99
  • (0)
Add to cart
Added