Explain fiduciary responsibility

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Reference no: EM131903245

1. The PQR bond has a 7% coupon rate (semi-annual interest), a maturity value of $1,000, with maturity in 30 years. If the bond is priced to yield 10%, what is the current value of the bond if there are 11 years until maturity?

2. Eric and Tammy are very sensitive to commission charges and expenses. Furthermore, they are concerned with the recent horror stories they have heard about in the financial services industry. Assuming that you are a CERTIFIED FINANCIAL PLANNER™ Practitioner, explain to your clients the different types of fee structures a planner can charge and elaborate on the process required to get your designation. Finally, explain fiduciary responsibility and why it is or isn't important.

Reference no: EM131903245

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