You have been researching Canadian equity mutual funds for a new client. You come across the following information.
What can you conclude from this information?
A. Chamberlain Equity Fund has lower volatility since its 5-year annualized return is higher.
B. Fontaine Equity Fund is a better fund because it has a higher quartile ranking.
C. Fontaine Equity Fund has a lower risk level since its Sharpe Ratio is lower.
D. Fontaine Equity Fund's higher MER contributes to its lower 5-year annualized return.
正解:D
解説: (Pass4Test メンバーにのみ表示されます)
質問 2:
You are meeting a potential client, William, for the first time. He is a high net worth individual and you are keen to get his business. Which of the following would you consider the most important to create an impressive first impression on your potential client?
A. your body language
B. volume of your voice
C. tone of your voice
D. your words
正解:A
解説: (Pass4Test メンバーにのみ表示されます)
質問 3:
David had $10,000 in his investment account with Dynamic Investments, a mutual funds dealer. On June 28, David wants to buy 500 units in ABC Canadian Dividend Fund that has a Net Asset Value Per Unit (NAVPU) of $14.10. His friend Robert suggests that he may get a better price if he used the strategy of dollar-cost averaging. David then instructs his Dealing Representative to place a purchase order for 100 units on the first of every month starting July 1st for the next 5 months.
The orders are executed at the following NAVPUs.
July 01, $14.00
Aug. 01, $14.50
Sep. 01, $15.00
Oct. 01, $14.25
Nov. 01, $16.50
Did David get a better purchase price following the dollar-cost averaging strategy compared to making a lump-sum purchase of 500 shares on Jun 28, 20xx?
A. David got his 500 units at the same price as the lump sum price he would have paid.
B. David got his 500 units at a higher price than the lump sum price he would have paid
C. David got his 500 units at a lower price than the lump sum price he would have paid.
D. David realizes that Dollar cost averaging is the best strategy for getting lower prices.
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
質問 4:
Maxine is a portfolio manager who 15 years ago, purchased 100 shares of Never2Tacky, a social media corporation for Aspirations Global Technology Fund. She purchased the stock when it was trading at $10. Last year, the peak market price was $120. Presently, it is trading at $99. News agencies are now reporting that additional regulations regarding social media companies are about to be agreed upon by G7 countries. Maxine is concerned the market value of Never2Tacky is going to drop. She buys a put option with an exercise price of $95 with an expiry of 9 months.
What type of strategy is Maxine using?
A. Modern portfolio theory
B. Speculating
C. Passively managing
D. Hedging
正解:D
解説: (Pass4Test メンバーにのみ表示されます)
質問 5:
Which of the following statements about capital gains distributions from mutual fund trusts is correct?
A. Capital gains from mutual fund trusts are deferred until the investor exits the mutual fund.
B. Capital gains distributions are not a disposition and are therefore not taxable.
C. Capital gains distributions from a mutual fund trust are reported annually on a T3.
D. Capital gains from mutual fund distributions are 100% taxable.
正解:C
解説: (Pass4Test メンバーにのみ表示されます)
質問 6:
Taylor is chatting with other parents in the park when the conversation turns to registered education savings plans (RESPs).
Taylor thinks that most of what they are saying is incorrect.
Which of the following statements about self-directed RESPs is TRUE?
A. The government contributes an additional grant for low income families who qualify.
B. Educational Assistance Payments (EAPs) may only be used for tuition for a post-secondary program.
C. Educational Assistance Payments (EAPs) withdrawn from the plan are not taxable.
D. Only one beneficiary may be named per RESP.
正解:A
解説: (Pass4Test メンバーにのみ表示されます)
質問 7:
Kendrick is a newly registered Dealing Representative for Oak Solid Financial. He has been assigned the task of contacting existing clients where there has been no record of consultation within the last 12 months. The first person he sees on his list is a client named Chandra Ruffino. He double-checks if her phone number is on the Do Not Call List (DNCL) registry. Which of the following statements apply?
A. If Chandra had closed her account within the last 12 months and registered herself on the DNCL, then Kendrick cannot call her.
B. If Chandra is on the DNCL, then Kendrick can only contact her if she is specifically his client.
C. If Chandra is on the DNCL registry, Kendrick is still eligible to contact the client of Oak Solid Financial.
D. If Chandra has been on the DNCL registry for 18 months, then Kendrick is not allowed to contact her.
正解:C
解説: (Pass4Test メンバーにのみ表示されます)
質問 8:
When you buy a put option, which of the following is TRUE?
A. You have the obligation to sell a set number of shares at a set price.
B. You have the right to sell a set number of shares at a set price.
C. You have the obligation to buy a set number of shares at a set price.
D. You have the right to purchase a set number of shares at a set price.
正解:B
解説: (Pass4Test メンバーにのみ表示されます)
Honzawa -
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