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You have $3000 to invest, but will need the funds in a year to make a tuition payment. You should a) put the money in a money market savings account. b) buy a one-year closed GIC c) buy common stocks. d) invest in a diversified stock mutual fund. 7 Investing can help your financial plan by a) using your existing budget and free cash flow to help you increase net worth. b) investing first and not worrying about debt repayment so you will have money to handle debt later correct use of assets in financial planning. financial plan will be successful. c) using your house to borrow money to invest as the d superior returns offered by stock markets so your 8 is that The major difference between bonds and stocks a) stocks pay interests and bonds pay dividends. b) stocks will mature but bonds will not. c) both stocks and bonds are choices of mutual funds. d) stocks will not mature but bonds wil. Convertible bonds are suitable for investors who a) want to maximize interest returns in periods when b) want to convert the bond into a longer term at the c) have a higher risk tolerance and are seeking to d) have a lower risk tolerance and are seeking interest rates are low same rate of interest. earn interest with the possibility of capital gain. income 10 The return on a bond with a coupon rate of 6 percent will be more favourable if interest rates a) increase above 6 percent. b) decrease below 6 percent. c) stabilize at 6 percent. d) remain the same