19-)

You are single, rent an apartment and go to school part-time and work part-time. Which of the following are you most likely to need?

Select one:

a. Stockbroker

b. A will

c. Life insurance

d. A budget

21-)

Which of the following is true about management expense ratios (MERs)?

Select one:

a. Mutual funds with lower MERs tend to outperform those with higher.

b. You need to subtract the MER from the posted return to figure out performance.

c. MERs only include manager and sales expenses.

d. All types of mutual finds have similar MERs

23-)

Given the following ABC Inc. bond information: $1000 par value, maturity 2023 Dec 22 semi-annual coupon 7.75%, price 105.50 and yield 7.4%. How much interest does it pay annually?

Select one:

a. $7.50

b. $77.50

c. $7.40

d. $74.00

25-)

Making extra mortgage payments does which of the following?

Select one:

a. Decreases equity

b. Increases cash flow

c. Reduces the payment amount

d. Reduces the length of the loan