Segregated Funds & Annuities - Chapter 1 Latest Update 100% Pass

Segregated Funds & Annuities - Chapter 1 Latest Update 100% Pass A GIC (Reference: Chapter 1) A client wants to ensure the full original investment will be repaid, plus a profit. What would be an appropriate recommendation for this client? Interest. (Reference: Chapter 1) Mary owns stock in a US-based company which trades on the Nasdaq exchange. Mary receives a dividend from her stock. How is the dividend taxed? Market risk. (Reference: Chapter 1) What type of risk refers to the possibility that the total financial market could decline due to an uncontrollable event such as a natural disaster? Liquidity risk. (Reference: Chapter 1) Steve is a real estate investor, while Sarah invests in mutual funds. What risk would likely pose a threat to Steve, but not Sarah? The price paid for a bond on the open market, expressed as a factor of dollars per $100 of the face amount. (Reference: Chapter 1) What does bond price refer to? A credit that reduces income tax owed by individual taxpayers on dividends received from qualifying Canadian corporations. (Reference: Chapter 1) What is the dividend tax credit? FV is the value of today's sum of money at a future date, based on a specified rate of return. (Reference: Chapter 1) What does the future value (FV) of money refer to? The impact of the increas