Which of the following statements about global equity funds is TRUE?

• A.They may invest in all countries including the investment fund manager's home country.
• B.They must invest almost exclusively outside of the Americas.
• C.They are always less risky than Canadian equity funds.
• D.They specialize in one or two countries.

Comment: *

Name: *

Email: *

Verification: *

Irina Pluskova is a financial advisor for a multi-national firm. She is a well-known personality within the local community for her philanthropic work with children's charities. What must Irina do to uphold the Standards of Conduct?

• A.Disclose her charitable work to her clients.
• B.Disclose her charitable work to her colleagues.
• C.Conduct her charitable work in a responsible and moderate manner.
• D.Conduct her charitable work outside of business hours.

Comment: *

Name: *

Email: *

Verification: *

At the close of business, Great Lengths Equity Fund had total assets of $135 million and total liabilities of $10 million. They had 11 million units outstanding. In addition, their current assets totalled $13 million and current liabilities were $3 million. Which of the following statements regarding Great Lengths Equity Fund's net asset value per unit (NAVPU) is correct?

• A.The NAVPU is the total liabilities divided by the number of outstanding units.
• B.Current assets and current liabilities are used in the NAVPU calculation.
• C.There is not enough information available to calculate the NAVPU.
• D.Great Lengths Equity Fund's NAVPU is $11.36.

Comment: *

Name: *

Email: *

Verification: *

Which financial leverage ratio measures a company's ability to repay its borrowings?

• A.Operating profit margin ratio
• B.Interest coverage ratio
• C.Total debt ratio
• D.Cash flow from operations to total debt ratio

Comment: *

Name: *

Email: *

Verification: *

Which of the following statements about capital gains distributions from mutual fund trusts is correct?

• A.Capital gains from mutual fund distributions are 100% taxable.
• B.Capital gains distributions are not a disposition and are therefore not taxable.
• C.Capital gains from mutual fund trusts are deferred until the investor exits the mutual fund.
• D.Capital gains distributions from a mutual fund trust are reported annually on a T3.

Comment: *

Name: *

Email: *

Verification: *