West Virgina University

CFP Exam Questions and Answers (New Update 2023) Lisa purchased 500 shares of XYZ stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%. At What price would Lisa receive a margin call? A. $20 B. $22.86 C. $57.14 D. $80.00 - CORRECT ANSWER B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purchased 1000 shares of CWC stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price f...

CFP 2022/2023 Exam- Retirement Planning with Verified Questions and Answers How many quarters of coverage do you have to have to be fully eligible for SS? - CORRECT ANSWER 40 How are railroad employees covered for SS? - CORRECT ANSWER They arent, they have another retirement program What is the lump sum death benefit from SS? - CORRECT ANSWER $255 How long is the waiting period for SS disability benefits? - CORRECT ANSWER 5 months How long does someone have to be disabled for, and be ...

CFP Exam - Risk Management, Insurance, and Employee Benefits Planning with Complete Solutions 2023 peril - CORRECT ANSWER cause of financial loss hazard - CORRECT ANSWER increases the probability that a loss will occur static risk - CORRECT ANSWER losses that are caused by factors other than a change in the economy, risks that are always present dynamic risk - CORRECT ANSWER the result of the economy changing; insurance does not cover these risks pure risk - CORRECT ANSWER A chance ...

CFP Mock Exam New Update 2023 with Complete Questions and Answers Which of the following is correct regarding certificates of deposit (CDs)? A. CD's are short-term securities that may be bought or sold in the open market at a market-determined price. B. CD's typically invest in high-quality, short-term investments, such as commercial paper, T-Bills, and money market funds. C. CDs are known as "time deposits" D. The financial institution pays a variable rate of interest for the ter...

CFP Exam - Random Facts to remember (New Update 2023) Annuity due - CORRECT ANSWER use BEGIN mode on calculator Ordinary Annuity - CORRECT ANSWER use END mode on calculator Fiduciary duty (ddf) - CORRECT ANSWER -duty of loyalty -duty of care -follow instructions Integrity (huc) - CORRECT ANSWER -honesty -upstanding -candor Competence - CORRECT ANSWER relevantly apply knowledge Diligence (tt) - CORRECT ANSWER -timely -thorough Disclose and manage conflicts of interest (admma) - CORR...

CFP Exam Flash Cards with Correct and Updated Solutions 2022/2023 Savings Strategy: How much of your gross income should you save? - CORRECT ANSWER 5-8% Securities Act of 1933 - CORRECT ANSWER Purchasers of new issues must be provided with a detailed prospectus before transaction. Securities Act of 1934 - CORRECT ANSWER Regulates the secondary Market or trading of issued securities. This act created the SEC Investment Company Act of 1940 - CORRECT ANSWER SEC can regulate UITs, Mutu...

CFP Exam Unit 1 - July 2022 with Updated Questions and Answers Steps to Financial Planning - EGADCIM - CORRECT ANSWER 1. Establishing and defining the client planner relationship 2. Gathering information necessary to fulfill the engagement 3. Analyzing and evaluating the client's current financial status 4. Developing the recommendations 5. Communicating the recommendations 6. Implementing the recommendations 7. Monitoring the recommendations Eight Principal Knowledge Categories - C...

CFP Exam Review with Updated Questions and Answers 2023 Eurodollar - CORRECT ANSWER a deposit in a foreign bank that is denominated in dollars Yankee Bond - CORRECT ANSWER dollar denominated bonds issued in the US by foreign banks and corporations, used when market conditions in the US are better than those overseas. OID - CORRECT ANSWER original issue discount - a bond discounted from par value as a zero coupon bond. There is no taxable phantom income from interest accretion but ...

CFP exam new update 2023 with complete solutions 6 step process: EGADIM - CORRECT ANSWER 1. Establish Relationship 2. Gather Information 3. Analyze data 4. Develop plan 5. Implement 6. Monitor Step 1: Establish Relationship - CORRECT ANSWER • Services that will be provided • compensation/billing • Responsibilities of both client/planner • Time frame of relationship Step 2: Gather quantitative and qualitative data - CORRECT ANSWER • It is important that goals be defined b...

alcohol servsafe Exam Questions and Answers (2022/2023) (Verified Answers)