1. Would you add structured products to an investment portfolio? If so, which specific products would you choose and why? What are the key disadvantages of PPN's?
2. How do index linked GIC's work and why is participation at less than 100%? What kind of client do you think would benefit from this product?

3.a.On an after-tax basis, what source of investment income yields the higher return for a client in a 22% marginal tax bracket? What about someone in a 29% bracket?

b.An investor buys 400 ZAP common at $51 in January Year I and 200 ZAP common at $76 in June of Year II. What is the per share cost base?

c. An investor buys 500 BMO preferred shares at a total cost of $17,000. Each preferred share is convertible into 5 BMO common shares. These securities are later converted into the common shares. What is the adjusted cost base of each share?