INV COs QUIZ Comprehensive Exam Practice Questions With Verified Answers Graded A+.
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INV.
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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 ...
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
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