26) The types of legal documents on which you would find beneficiary designations include

A. an agreement in which the grantor transfers assets to the trustee, who manages the assets for designated beneficiaries

B. your legal document in which the grantor transfers assets to the trustee, who manages the assets for the grantor.

C. an agreement in which the grantor transfers assets to the trustee, who manages the assets for the grantor.

D. your legal document in which the grantor transfers assets to the trustee, who manages the assets for designated beneficiaries.

27) A contingent beneficiary is important because

A. it is needed for a valid will

B. without this, your estate could be larger and subject to more probate fees.

C. this allows the taxes and fees to be paid promptly.

D. without this, your estate could be taken by the government.

32) If you invest an amount today for your retirement, the amount you will have at the time you retire does not depend on

A. the amount of the investment.

B. the time at which the investment will end.

C. the amount of the annual payment.

D. the annual return that you expect on the investments.

33) If an investor buys a bond below par value and holds it to maturity, he will earn a return that is

OA. more than he would earn if he invested that amount in stocks.

OB. less than he would earn if he sold it before maturity.

O C. equal to the coupon payments

OD. the difference between the par value and the amount paid.