Reference no: EM132837418
Questions -
a) Juan Tavares receives an e-mail from his investment advisor about a new mutual fund investment. The advisor states that she will send the Fund Facts document before any purchase, tells Juan that she expects the mutual fund will achieve an 11% rate of return over the next year and that her firm has agreed to a discount on the usual front-end load fee. She also asks Juan if he would like a copy of her company's latest sales communication that includes past fund performance statistics. Which part of the e-mail is an unacceptable sales practice?
-Stating that she expects the mutual fund will achieve an 11% rate of return over the next year
-Sending the "Fund Facts" document before purchase
-Offering the firm's sales communication with fund performance statistics
-Giving the client a discount on the front-end load fee
b) If Juan Torry is a portfolio manager and he tells you that he follows an "indexing" investment style, which of the following statements best explains his strategy?
-Low-cost, short-term, buy-and-hold
-High-cost, long-term, active trading
-High-cost, short-term, active trading
-Low-cost, long-term, buy-and-hold
c) What is the "Management Expense Ratio (MER)" for a mutual fund with total fees and expenses during 2020 of $5,000,000 and an average net asset value of the fund for the year of $250,000,000?
-0.2%
-1.2%
-2.0%
-4.0%
d) In January 2018, Stephano purchased 500 shares of the BIG no-load fund for $10,000 in his "non-registered" account. At the end of the year, he received a $200 dividend distribution from the fund. At the end of 2019, he received a $150 dividend distribution and at the end of 2020, he received a dividend distribution of $400. All dividends were re-invested in the fund. Then Stephano sold all his units for $20,000. What is the amount of his taxable capital gain?
-$4,625
-$5,000
-$9,250
-$10,000
e) Maria-Cecilia purchased units of the TAX Fund in her "non-registered" account on December 20, 2020 at $30 NAVPS. On December 30, 2020, the TAX Fund pays a capital gain distribution of $6 per share and the NAVPS falls to $24. What is Maria-Cecilia's tax payable per unit if her marginal tax rate is 40%?
-$0.00
-$1.20
-$2.40
-$3.00
f) Daniella has just invested $20,000 in a mutual fund. She has enrolled in a "ratio withdrawal" plan which is set to pay out 20% of the value of the fund each year, at the beginning of the year. Assume the first withdraw happens at the beginning of Year 1. Also assume that Daniella's portfolio will consistently grow at rate of 6% per year. What amount of money would be paid out to Daniella in Year 2?
-$4,000.00
-16,960.00
-$3,392.00
-$14,382.00
|
Discuss food industry examples of two methods
: Discuss food industry examples of two methods which is greenfield venture and acquisition of entering foreign market using a wholly owned subsidiary.
|
|
Outline a plan for creating a program
: Some hotel managers believe uniformed security personnel within the hotel increase the comfort level of guests in the same manner as do uniformed police officer
|
|
How you communicate and collaborate with other educators
: Explain how you will communicate and collaborate with other educators (e.g., co-teachers, paraprofessionals, other teachers (e.g., art, music, etc.).
|
|
Determine caribe current earnings and profits
: Determine Caribe's current earnings and profits. $45,000 in dividends from a 30 percent owned corporation. $40,000 net operating loss carryover
|
|
What amount of money would be paid out to Daniella in Year
: Also assume that Daniella's portfolio will consistently grow at rate of 6% per year. What amount of money would be paid out to Daniella in Year 2
|
|
Reflect on what you have learned about the influence
: You have read Chapter 3 in your text and reflected on the foundation, history, and theories for teaching and learning. For this assignment, reflect on what you.
|
|
How do you feel about strike replacements
: How do you feel about strike replacements? Why is the use of them such a controversial issue in labor relations?
|
|
Case study-company apple inc
: The company you select must have entered the foreign market successfully using one of the entry modes described, and explain why the company was successful.
|
|
Provide the journal entries to adjust carry-forward balances
: Provide the journal entries to adjust the carry-forward balances of the deferred tax asset and deferred tax liability. Deferred tax liability $6,00,000.
|