Ctfa study guide - Study guides, Class notes & Summaries

CTFA STUDY GUIDE |100% CORRECT ANSWERS |VERIFIED

What is a J curve - The return pattern of private equity funds. The cumulative return is negative in the early life of a bond before turning positive. This is because in the early life of a private equity fund there are expenses incurred in the search for attractive investments but there are not any investments to generate returns. True or false? Private equity investing is an excellent source of liquidity. - False. Since private equity is not traded on any market, and investor should be pr...

Jean and John Simmons are married and own their own home as tenants by entirety. When John dies the home is valued at $350,000. How much will be counted in his gross taxable estate? A. None, as it passes directly to his spouse, Jean. B. $175,000 - or one-half of the value C. $225,000 - or the full amount minus the $125,000 one-time exclusion for capital gains on a person residence. D. $350,000 - the full amount is includable. - B. $175,000 - or one-half the value

Q. Which of the following types of trusts can use the Uniform Principal and Income Act power to adjust ? A. GRAT B. Trust under will C. Revocable trust D. Charitable lead trust - Solution : The correct answer is B. Q. Which of the following is a power of attorney for property that is effective upon execution and does NOT terminate upon the principal's incapacity?

Q. When can a bank trustee sell or purchase assets from a trust where it serves in a fiduciary capacity? A. When the trustee desires to relieve itself from such liability with the approval of the board B. When the trust sells property to any non-officer of the bank, if the trust committee deems the price reasonable C. When the trust purchases stock or obligations of the bank, if the bank or its holding company is listed on a recognized stock exchange D. When the trust sells assets in one ...

Asset Allocation should conform to an individual's _____________ - risk tolerance A springing durable power of attorney is effective only on a _____________________ - conditional event What is the minimum age for receiving Social Security benefits? - 62 Assume Greg inherits stock from his father that he purchased at $50 per share and it appreciated to $75 per share by the date of his father's death. At the time the estate settled one year later, the stock had declined to $65 per share. W...

MPJE Rhode Island Study Guide 100% Correct How long should RX be kept 5 years FDA, 10 years MMA import information prescription label pt name, rx serial number, drug name, strength, and directions A product is ________ if it does not have an expiration date misbranded Who can provide a blanket waiver for non-child resistant container patient (physician can only do it by RX) When are child resistant containers not used hospital/healthcare settings A pharmacy dispensing to a LTCF requires wha...

Tangible Personal Property - personal property that can be moved (ex. gold bar, jewelry) Probate Estate - the property of a decedent that is subject to administration by the executor or administrator of an estate Under joint tenants with rights of survivorship, when one tenant dies which of the following best describes the result? - Her share passes to the surviving joint tenant regardless of what her will says

IMCA - The Investment Advisor Body of Knowledge + Test Bank_ Readings for the CIMA Certification (2015, Wiley) The Investment Advisor Body of Knowledge Readings for the CIMA® Certification IMCA® INVESTMENT MANAGEMENT CONSULTANTS ASSOCIATION Cover image: © iS / TarapongS Cover design: Wiley Copyright © 2015 by Investment Management Consultants Association. All rights reserved. Published by John Wiley & Sons, Inc., Hoboken, New Jersey. Published simultaneously in Canada. Excerpts ...