Q1. Of the following, which is not used in measuring a stock's return?

Select one:

a. The dividends earned during the period owned

b. The average price of stock during the period owned

c. The price of the stock at the time of purchase

d. The price of stock at the time of sale

Question 2

Which of the following is necessary for an English form will to be valid?

Select one:

a. The will must be dated in the three years prior to death.

b. The person writing the will must be over age 21 at the time the will is written.

c. All heirs must agree to the terms of the will.

d. The will must be signed by the testator and two witnesses.

Q3. The document that provides financial information about a mutual fund, including expenses and past performance, is the

Select one:

a. prospectus.

b. annual report.

c. financial statement.

d. balance sheet.

Q4. If you want to save $40,000 for a down payment on a home in 5 years (60 months), assuming an interest rate of 0.38% per month, how much money do you need to save at the end of each month?

Select one:

a. $697

b. $595

c. $662

d. $666

Question 5

The schedule that discloses the monthly payment that you will make, based on a specific mortgage amount, a fixed interest rate level, and maturity is called a(n)

Select one:

a. obligation schedule.

b. payment table.

c. amortization schedule.

d. depreciation schedule.