Bonds are certificates representing partial ownership of a firm.

Select one:

True

False

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In which of the following scenarios would you favour leasing versus purchasing a car?

Select one:

a. The car in question is one whose value depreciates rapidly.

b. The kilometers that you drive each year vary significantly and are hard to predict.

c. The resale or trade-in value of the car will be high.

d. Repair expenses on the car are very low.

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When considering joint ownership of assets for estate planning (specifically joint ownership with rights of survivorship) it is important to understand

Select one:

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

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

c. that naming a child as a joint owner of your principal residence will trigger a capital gain.

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

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Annuity due assumes a series of cash flows happening at the end of a period.

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True

False

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Mutual funds that invest in foreign bonds as well as Canadian bonds are called

Select one:

a. international bond funds.

b. Treasury bond funds.

c. foreign bond funds.

d. global bond funds.