Question
Q1. The least risky, lower interest paying bonds are Select one: a. Crown corporation bonds. b. provincial bonds. c. federal government bonds. d. corporate AA
Q1. The least risky, lower interest paying bonds are
Select one:
a. Crown corporation bonds.
b. provincial bonds.
c. federal government bonds.
d. corporate AA bonds.
Q2.
If you are considering trading in a used car for your new one, it is best to
Select one:
a. not trade the car in, but rather sell it yourself over the internet.
b. tell the dealer right away so he can figure your trade-in credit against the purchase price of your new car.
c. not be too concerned about the value given, since dealers are required to give you at least Blue Book value.
d. negotiate the price of the new car before advising the dealer you have a trade-in.
Q3.
Purchasing which of the following items using debt will help reduce your tax bill?
Select one:
a. Stereo
b. Automobile
c. Stocks
d. Boat
Q4. Making extra mortgage payments does which of the following?
Select one:
a. Reduces the payment amount
b. Decreases equity
c. Increases cash flow
d. Reduces the length of the loan
Question 5
Which of the following would be the primary objective of investing?
Select one:
a. Earning a return
b. Maintaining liquidity
c. Choosing your investment types
d. Understanding your risk tolerance
Question 6
Given the following ABC Inc. bond information: $1000 par value, maturity 2023 Dec 22, semi-annual coupon 7.75%, price 105.50 and yield 7.4%. How much would a $1000 par value ATT Ltd. bond cost as of the day of this listing?
Select one:
a. $105.50
b. $740
c. $1000
d. $1055
Question 7
In which of the following scenarios would you favour leasing versus purchasing a car?
Select one:
a. The kilometers that you drive each year vary significantly and are hard to predict.
b. Repair expenses on the car are very low.
c. The car in question is one whose value depreciates rapidly.
d. The resale or trade-in value of the car will be high.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started