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NEW QUESTION # 455
What does a Sharpe ratio of 1 indicate?
Answer: C
Explanation:
NEW QUESTION # 456
Eleanora receives a $500 eligible Canadian dividend from her mutual fund. Her federal marginal tax rate for the year is 29%. Assuming the enhanced gross-up of 38% and a federal dividend tax credit of 15.02%, how much federal tax will she pay on her dividend?
Answer: A
Explanation:
The federal tax on eligible Canadian dividends is calculated as follows:
* First, the dividend amount is grossed up by 38%, which means multiplying it by 1.38. This is to account for the corporate tax that has already been paid by the company. Eleanora's grossed-up dividend is
$500 x 1.38 = $690.
* Second, the grossed-up dividend is multiplied by the federal marginal tax rate to get the gross federal tax. Eleanora's gross federal tax is $690 x 0.29 = $200.10.
* Third, the grossed-up dividend is multiplied by the federal dividend tax credit rate to get the federal tax credit. This is to avoid double taxation of the dividend income. Eleanora's federal tax credit is $690 x
0.1502 = $103.64.
* Fourth, the federal tax credit is subtracted from the gross federal tax to get the net federal tax. Eleanora' s net federal tax is $200.10 - $103.64 = $96.46.
Therefore, Eleanora will pay $96.46 in federal tax on her dividend. References: How Dividends Are Taxed and Reported on Tax Returns - Investopedia, Dividend Tax Credit in Canada - TurboTax
NEW QUESTION # 457
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?
Answer: B
Explanation:
The Do Not Call List (DNCL) is a national registry of personal telephone numbers that consumers can register to reduce the number of unsolicited telemarketing calls they receive. Telemarketers are required to subscribe to the DNCL and avoid calling the numbers on the list, unless they have an exemption. One of the exemptions is for existing business relationships, which means that a telemarketer can call a consumer who has purchased a product or service from them or their employer within the last 18 months, or who has made an inquiry or application within the last six months. Therefore, Kendrick is still eligible to contact Chandra, who is an existing client of Oak Solid Financial, even if she is on the DNCL registry. However, Kendrick must respect Chandra's right to request that he stop calling her and remove her number from his contact list.
Canadian Investment Funds Course, Chapter 1: The Canadian Financial Services Industry1, National Do Not Call List - Canada.ca2
NEW QUESTION # 458
Which of the following statements best describes dollar-cost averaging?
Answer: A
Explanation:
Dollar-cost averaging is the practice of systematically investing equal amounts of money at regular intervals, regardless of the price of a security. This strategy can reduce the overall impact of price volatility and lower the average cost per share. By buying regularly in up and down markets, investors buy more shares at lower prices and fewer shares at higher prices. Dollar-cost averaging aims to prevent a poorly timed lump sum investment at a potentially higher price. References: What Is Dollar-Cost Averaging? - Investopedia
NEW QUESTION # 459
An increase in which factor may cause interest rates to decrease?
Answer: B
Explanation:
Interest rates in the economy are determined primarily by the supply of capital (loanable funds) and the demand for capital, as explained in the Investment Funds in Canada (CIFC) text under Economic Factors and Financial Markets. The course states that "interest rates are influenced by changes in the supply and demand for money," and that an increase in the supply of capital, all else being equal, will place downward pressure on interest rates.
When capital supply increases, there is more money available for lending from sources such as households, corporations, pension funds, insurance companies, and governments running budget surpluses. With more funds competing to be lent, lenders are willing to accept lower interest rates in order to attract borrowers.
This inverse relationship between capital supply and interest rates is a foundational concept in CIFC economics.
The other options all result in higher, not lower, interest rates according to CIFC principles. An increase in default risk leads lenders to demand higher returns to compensate for the added risk. Increased business activity raises demand for borrowing, which pushes interest rates upward. Similarly, higher inflation erodes purchasing power, so lenders require higher nominal interest rates to maintain real returns.
Therefore, only an increase in capital supply leads to lower interest rates, making Option C the correct and fully verified answer based on the Investment Funds in Canada curriculum.
NEW QUESTION # 460
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