1, Which of the following will increase your net worth over time?

a.

Term insurance

b.

Leasing a car

c.

Buying a house

d.

Renting a house

Clear my choice

Question 2

Advantages of investing in mutual funds include all of the following except

a.

meeting specific investment goals.

b.

eliminating systematic risk.

c.

diversification of your investment.

d.

professional management.

Clear my choice

Question 3

When considering holding assets as joint ownership with rights of survivorship for estate planning purposes, it is important to understand

a.

the implications of giving up your decision making power over the asset.

b.

how the spousal roll-over rules will impact capital gains taxation.

c.

that naming a child as a joint owner of your principal residence will trigger capital gains taxes.

d.

that capital gains taxes will be deferred on this transaction until the survivor passes.

4.

A Government of Canada bond has a 6 percent coupon which pays semi-annually and matures in 7 years. If interest rates have declined to 5.4 percent for similar bonds, what should be the price for this bond? (Assume $1000 par value)

a.

$1380.51

b.

$1034.59

c.

$1034.22

d.

$1000

please answer the 4 questions