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Exam (elaborations)
CANNON TRUST SCHOOL 1 EXAM ALL QUESTIONS AND CORRECT DETAILED ANSWERS LATEST VERSION ALREADY A GRADED |NEW AND REVISED
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---47November 20252025/2026A+
- Your client owns a $200,000 home in joint tenancy, a $15,000 car in his own 
name, an $8,000 CD in his name alone, and a $100,000 life insurance policy 
with a cash value of $10,000, payable to his wife. What is the value of his 
probate estate? 
A. $23,000 
B. $33,000 
C. $223,000 
D. $333,000-ANSWER-A. $23,000 
A simple trust earned $27,000 in dividends. It paid $4,000 in trustee fees, onehalf from income and one-half from principal. Trust accounting income is 
which of the following...
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$21.99 More Info
docwillowivy
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Exam (elaborations)
CANNON TRUST SCHOOL II EXAM STUDY GUIDE 2026 COMPLETE QUESTIONS WITH CORRECT DETAILED ANSWERS || 100% GUARANTEED PASS <RECENT VERSION>
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--65November 20252025/2026A+Available in bundle
- CANNON TRUST SCHOOL II EXAM STUDY 
GUIDE 2026 COMPLETE QUESTIONS WITH 
CORRECT DETAILED ANSWERS || 
100% GUARANTEED PASS 
<RECENT VERSION> 
 
1. Bonds that can be traded for stock are known as - ANSWER Convertible 
Bonds 
2. A company most likely will call bonds (assuming bonds are callable) it had 
previously issued if what occurs? - ANSWER Interest Rates Fall 
3. The LOWESTS&P's rating that would qualify as investment grade is what? - 
ANSWER BBB- 
4. A treasury bill is ...
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$14.99 More Info
ProfBenjamin
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Exam (elaborations)
CANNON TRUST SCHOOL I EXAM STUDY GUIDE 2026 COMPLETE QUESTIONS WITH CORRECT DETAILED ANSWERS || 100% GUARANTEED PASS <RECENT VERSION>
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--182November 20252025/2026A+Available in bundle
- CANNON TRUST SCHOOL I EXAM STUDY 
GUIDE 2026 COMPLETE QUESTIONS WITH 
CORRECT DETAILED ANSWERS || 
100% GUARANTEED PASS 
<RECENT VERSION> 
1. Sole Ownership - ANSWER Titled in the name of one person, full rights 
to property in life and death; transfers under decedent's will or intestate 
estate; subject to probate. - If individual becomes incapacitated - look for DPOA - if no DPOA, 
State will appoint a guardian. - If individual dies - look for Will - if no Will, State will ...
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$15.49 More Info
ProfBenjamin