66 Test 3
For a coverdell esa, total contribution to all accounts on behalf of a beneficiary in any year can't exceed
2000$
According to federal law, an insurance company under the provisions of the Investment Company Act of 1940 must allow a variable life policyholder the option to convert the policy into a whole life contract for a period of
24 months
Charging a higher-than-usual commission on a thinly traded stock is
An ethical and permitted practice
When given commissions, how to calculate after tax net
Bring the commission to a per share charge
Who is obligated for payment of taxes in an UTMA
Child
Sales are any ___ or ____ of value
Contact, disposition
What 2 things could be needed for 2B brochure
Direct contact Discretion
Irrevocable trust eliminates
Estate tax
Standardized equity options are issued by
OCC
A client is completing a new account form that contains questions about the investor's investing experience and knowledge. More than likely, what type of account is being opened?
Options
Reits do not provide
Pass through of losses
Unpaid intern calling clients to obtains indications of interest must
Register as agent
Total return assumes
Reinvestment of all dividends and cap gain distributions
Two things to remember about registering with multiple BD's
Separate registration for each BD May not be allowed depending on state
Which of the following is not a type of diversification that is achieved by investing in international equities?
Style
What does a dividend payout ratio explain
What percent of the EPS were paid as dividends
Benefit for not taking social security until 70
benefits are increased by 8% for each year from the full retirement age.
USA allows the Administrator to prohibit custody by rule, this would be
forbid investment advisers registered in that state from taking custody of client funds.
Beta is a measure of
systematic risk
A negative net present value of a series of discounted cash flows means
the investment outlay exceeds the discounted cash flows
