Sachin owns units of a long-term bond fund. He has heard that the Bank of Canada is likely to make it more expensive to borrow money. He is worried that the value of his investment is going to drop.What sort of investing risk is Sachin experiencing?

• A.inflation risk
• B.interest rate risk
• C.market risk
• D.liquidity risk

Comment: *

Name: *

Email: *

Verification: *

All other factors being equal, which fund outperformed the benchmark during this period? The benchmark return is 4.75%.
Fund
Starting NAV ($)
Ending NAV ($)
ABC
21.15
22.09
FED
25.37
26.61
MCQ
30.14
31.55
XYZ
31.00
31.99

• A.ABC
• B.XYZ
• C.MCQ
• D.FED

Comment: *

Name: *

Email: *

Verification: *

Evan owns retractable preferred shares of Ingram Corp. Which statement CORRECTLY describes a key feature of Evan's shares?

• A.Gives Evan the option to convert the Ingram Corp preferred shares into a fixed number of common shares at a predetermined price within a specified period.
• B.Offers Evan the opportunity to receive additional dividends if Ingram Corp's profit exceeds a stated level.
• C.Entitles Evan to sell the shares back to Ingram Corp at a pre-determined price and time in the future.
• D.Allows Ingram Corp to buy back the preferred shares at a pre-determined price within a defined period.

Comment: *

Name: *

Email: *

Verification: *

When must client complaints be acknowledged in writing?

• A.When the client has made a written complaint in any format
• B.When complaints are made repeatedly by the same client with respect to the same representative
• C.Any time the client has made a verbal or written complaint
• D.When the client has made a written complaint in letter format

Comment: *

Name: *

Email: *

Verification: *

Which statement about a net capital loss incurred by a mutual fund trust is CORRECT?

• A.A net capital loss is passed on to the unit holders by the mutual fund in the year it occurs.
• B.A net capital loss is permitted to be carried forward by the mutual fund for up to 3 years.
• C.A net capital loss is permitted to be carried forward indefinitely by the mutual fund.
• D.A net capital loss is permitted to be carried back indefinitely by the mutual fund.

Comment: *

Name: *

Email: *

Verification: *