Assume that an investor expects to receive the following dividends: year 1: $8, years 2-7: $10, and years 11-12: $12. If the investor's discount rate is 5 percent, what is the present value of this dividend stream?

A.$91.06

B.$74

C.$62.77

D.$69.66

E.Cannot be determined

In evaluating alternative planning solutions and products, the financial planner may be involved in all of the following job tasksexceptfor:

A.Consider the impact of the strategy on other parts of the plan

B.Consult with other professionals

C.Assess how the alternative solutions aligns with the client's goals and attitudes

D.Evaluating different scenarios in order to account for future uncertainties

E.All of the above may be associated with this step in the planning process

Which of the following statements relating to alternative minimum tax (AMT) is true?

A.If AMT is higher than regular tax liability, the latter tax becomes payable

B.If AMT is lower than regular tax liability, the tax payer can pay either type of tax

C.The IRS decides who should be subject to AMT

D.If AMT is higher than regular tax liability, the AMT becomes payable