BUG Inc. has a beta of 1.65. If the market drops by 18.48% over the next 12 months, by approximately how much could BUG Inc. shares fall over that time period?

• A.16.83%
• B.11.20%
• C.20.13%
• D.30.49%

Correct Answer: D

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Jeff is a new client. He is 50 years old with modest savings in the low six figures, and wants to reinvest his portfolio to ensure that he can retire comfortably at age 65. In his meeting with Jeff, the advisor uncovered some of Jeff's biases. Jeff displayed several strong emotional biases along with a few weak cognitive biases.
What should the advisor do?

• A.The advisor should moderate and adapt to Jeff's cognitive biases
• B.The advisor should moderate and adapt to Jeff's emotional biases
• C.The advisor should moderate Jeff's emotional biases
• D.The advisor should adapt to Jeff's cognitive biases

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Which financial instrument gives its purchaser the right to vote at the issuing company's annual meeting?

• A.Common shares
• B.Preferred shares
• C.Corporate bonds
• D.Options

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Which of the following statement about Exchange Traded Funds (ETFs) is TRUE?

• A.Usually the market price of an ETF is the net asset value per unit (NAVPU) of the Fund on that day.
• B.Investors may sell their ETFs in the stock market or redeem them through the Fund at the NAVPU of the day.
• C.ETFs have lower MERs compared to mutual funds.
• D.All ETFs are actively managed.

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What amount of Canadian taxes would an investor with a 33% marginal tax rate pay on a $5,000 dividend payment from a foreign corporation?

• A.$825
• B.$1,650
• C.$1,241
• D.$0

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