Certified Financial Planner Board of Standards Inc (FINANCEMISC)

Calculate the yield-to-maturity of a zero-coupon bond which matures in 6 years, has a par value of R10 000, and currently trades at R6 012. Assume semi-annual compounding, Which one of the following statements about Treasury Inflation Protected Securities (TIPS) is least accurate?A 30-year 7% bond with semi-annual coupon payments has a par value of R100 000. If it were priced to yield 6.8%, this bond would be trading at approximately …The price of a 5-year zero coupon bond with a current yield...

CFP Exam Income Tax-96 Questions with Complete Solutions What is the primary source of all tax law? - CORRECT ANSWER IRS Step transaction - CORRECT ANSWER Ignore the individual transactions and instead tax the ultimate transaction Sham transaction - CORRECT ANSWER Lacks a business purpose ex: A sale by XYZ to ABC when XYZ and ABC are owned by the same company Is income from a hobby reportable? - CORRECT ANSWER Yes Are expenses for hobbies deductible? - CORRECT ANSWER No A hobby is con...

CFP Exam - General Financial Planning Principles, Professional Conduct, and Regulation New Update 2023 Financial Planning - CORRECT ANSWER The integrated, coordinated management of an individual’s financial situation. Code of Ethics and Standards of Conduct (Code and Standards) are intended to - CORRECT ANSWER Benefit and protect the public, provide standards for delivering financial planning, and advance financial planning as a distinct and valuable profession, Practice Standards ...

CFP Practice Questions with Complete Solutions (New Update 2023) Stafford Loans are administered by: A) Private Loan Administration B) Federal Family Education Loan Program C) Parent loans to undergraduate students D) Federal assistance loan program - CORRECT ANSWER B Perkins loans - CORRECT ANSWER Low-interest federal student loans for undergraduate and graduate students distributed on the basis financial need. Are Parent Loans to Undergraduate Students (PLUS) available to both full ...

CFP Test Review with Verified Answers-New Update 2023 Financial Planning Process (Practice Standards) - CORRECT ANSWER EGADIM (Even God Admits Dat Its Amazing) - Establish Client-Planner Relationship, Gathering Client data, Analyze and Evaluate, Develop and Present the Plan, Implementing the Financial Plan, Monitoring the Financial Plan Purpose of Practice Standards - CORRECT ANSWER to advance professionalism in practice, the value of planning, the guidelines for an engagement, compl...

CFP Exam Prep with Verified Solutions Graded A+ Code of Ethics (Amy Always Expertly Aspires to Make Apples AAEAMA) - CORRECT ANSWER -Act with honesty, integrity, competence and diligence -Act in client’s best interests -Exercise due care -Avoid or disclose and manage conflicts of interest -Maintain confidentiality and privacy of client info -Act in a manner the reflects positively on CFP professional and CFP certification Duties owed to clients (Finally I Can Dirty Dance FICDD) - C...

CFP Exam 2022/2023 with Complete Solutions CFP Standards of Conduct Sections (6) - CORRECT ANSWER A. Duties owed to clients. B. Fin. Planning and Application of Practice Standards C. Practice Standards for Fin. Planning Process D. Duties owed to firms/subordinates E. Duties owed to CFP Board F. Prohibition on Circumvention Section A of CFP Standards of Conduct - CORRECT ANSWER Duties owed to Client: 1. Fiduciary Duty 2. Integrity 3. Competence 4. Diligence 5. Disclose and Manage ...

CFP Exam Questions and Answers (New Update 2023) Lisa purchased 500 shares of XYZ stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%. At What price would Lisa receive a margin call? A. $20 B. $22.86 C. $57.14 D. $80.00 - CORRECT ANSWER B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purchased 1000 shares of CWC stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price f...

CFP 2022/2023 Exam- Retirement Planning with Verified Questions and Answers How many quarters of coverage do you have to have to be fully eligible for SS? - CORRECT ANSWER 40 How are railroad employees covered for SS? - CORRECT ANSWER They arent, they have another retirement program What is the lump sum death benefit from SS? - CORRECT ANSWER $255 How long is the waiting period for SS disability benefits? - CORRECT ANSWER 5 months How long does someone have to be disabled for, and be ...

CFP Exam - Risk Management, Insurance, and Employee Benefits Planning with Complete Solutions 2023 peril - CORRECT ANSWER cause of financial loss hazard - CORRECT ANSWER increases the probability that a loss will occur static risk - CORRECT ANSWER losses that are caused by factors other than a change in the economy, risks that are always present dynamic risk - CORRECT ANSWER the result of the economy changing; insurance does not cover these risks pure risk - CORRECT ANSWER A chance ...