BUSI 352 Complete Course Answers Liberty University | Rate... - $90.45 Add To Cart
Question 1 Which of the following are components of “passive listening"? 1: Listening in a normal social setting, such as a sermon. 2: Communication rest... [Show More] s on one speaker. 3: The listener screens out some information. 4: The listener is thinking about what to say in response, which hampers listening. Question 2 You are a relatively new financial planner. You have been working for an investment firm in the United States and have decided that you would like to add more credibility to your practice. Which of the following professional credentials would provide you with the most credibility since it is the oldest and best known? Question 3 Which of the following are NOT heuristics or cognitive biases discussed in this chapter that can lead to less than optimal decisions by a normal investor? Question 4 After meeting with your new client, Sid, you prepared his current financial statements. Which part of the financial planning process were you engaged in? Question 6 Which of the following statements are true? 1: There has been a movement in recent times for the financial industry to be more in touch with psychology and sociology due to their effect and persuasiveness in financial matters. 2: There has been a movement in recent times for the financial industry to focus on asset prices and ignore psychology and sociology issues. 3: Behavioral Finance has nothing to do with issues concerning psychology and sociology. Question 8 Steve Stein, a local CFP® practitioner, recently met with one of his new clients, Merrell. During the course of the meeting Steve did the following things. 1: Steve did not meet with Merrell until 10 minutes after the scheduled start time. 2: In order to establish Merrell’s confidence in him, Steve told Merrell the names of several wellknown clients that currently do business with him. 3: Steve asked Merrell several questions regarding Merrell’s family situation, hobbies, and activities. Which of these actions would be considered inappropriate? Question 9 Which of the following are important in nonverbal communication and behavior? 1: Body positioning 2: Body movement 3: Voice tone 4: Voice pitch Question 10 Which of the following are theories or equations used in traditional finance? 1: MeanVariance Theory 2: Modern Portfolio Theory 3: The Capital Asset Pricing Model Question 12 It is very important that assumptions are not used in the financial planning process. The planner must only use facts. Question 13 Roy Al Pain has been a client of yours for several years. During that time, Roy has been rude to both you and your staff on numerous occasions. He has used profanities in front of your staff and other clients, thrown things, and screamed at your staff. You have tired of working with Roy and want to terminate your relationship with him. Which of the following is true? Question 14 Most clients have a good understanding of the objective factors that affect the financial climate, and a planner’s most important function is finding out what the client’s subjective wishes are. Question 15 Which of the following is the best choice for Behavioral Finance? [Show Less]
Question 1 Utilizing investment assets to gross pay benchmarks, which of the following individuals is likely on target with their investment assets? Que... [Show More] stion 2 Your new client, Kerri, age 35, came into your office today. She provided you with the following information for the year. Income $100,000 Taxes $18,000 Rent $14,000 Living Expenses $40,000 Credit Card Debt $12,000 Savings $5,000 Student Loan Payments $5,000 Car Payment $6,000 After receiving this information, you created a pie chart to visually depict where her income was spent. Utilizing targeted benchmarks, which of the following statements are you most likely to make during you next meeting? Question 6 Lori is an assistant to a patent lawyer and earns $40,000. She pays $500 per month on her mortgage, her homeowners insurance is $2,000 per year, her taxes are $2,000, her utilities are $5,000 per year and she pays $4,000 in credit card bills each year. Her housing ratio 1 is equal to 37.5%. Question 7 Mark and Caren are 36 years old; they plan on retiring at age 62 and expect to live until age 95. They currently earn $250,000 and expect to need $200,000 in retirement. They also expect that Social Security will provide $40,000 of benefits in today’s dollars at age 62. They are saving $15,000 each in their 401(k) plans and just had a baby boy they named Albert Rufus or AR for short. They want to save for AR’s college education, which they expect will cost $20,000 in today’s dollars, and they are willing to fund 4 years of college. They were told that college costs are increasing at 7% per year, while general inflation is 3%. They currently have $150,000 saved in each of their 401(k) plans, and they are averaging a 9% rate of return and expect to continue to earn the same return over time. Based on this information, what should they do? Question 9 CJ bought the following assets this year. Which of these purchases would be considered “bad debt?” Question 10 Robin met with you recently to make some changes to her insurance needs. You have made several recommendations. Which of these recommendations will have a positive cash flow impact from an insurance perspective? Question 11 Your client, Tom, asked you to prepare his financial statements. He believes that his wife is the root of all of their financial problems because of her spending habits. His wife, on the other hand, believes that most of their money goes to pay routine expenses like, house, auto, etc. Which financial statement will help them resolve this disagreement? Question 12 Craig’s financial planner is preparing his balance sheet. Which of the following would be considered an “investment asset?” Question 15 A client, Marie, age 35, came into a financial planner’s office today. She provides the planner with the following information for the upcoming year: Income $100,000 Principal and Interest payments on home mortgage $14,000 Homeowners insurance $1,000 Property taxes $5,000 Living Expenses $40,000 Credit Card Debt Payments $12,000 Savings $5,000 Student Loan Payments $5,000 Car Payment $6,000 When considering the targeted benchmarks, which of the following statements is the planner most likely to make during the next meeting? [Show Less]
Question 1 Nathan, age 35, came into your office today. He has been a client of yours for a long time. He has neglected his insurance portfolio up until th... [Show More] is point and wants to complete the personal risk management process. Together you determine that his insurance objective is to “insure, in the most economical way, only those risks that have the potential of causing catastrophic financial loss.” You also identified all of the possible risk exposures. In evaluating these risks, which of the following is true? Question 2 If a risk has a high frequency of occurrence and a high severity, you should: Question 3 You recently met with your client, Don, age 40. Don is widowed and has one dependent child. During your meeting with him, you discussed the concept of risk management. Which of the following statements regarding the ways to manage risk is incorrect? Question 4 Zach and Laura recently purchased a new home. They came to your office to ask several questions about their homeowner’s policy. Which of the following is true regarding homeowners insurance? Question 5 Tom is interested in purchasing a personal liability umbrella policy (PLUP). He has asked you to educate him on this type of policy. Which of the following is true? Question 6 Which of the following is not a methodology used to determine the amount of necessary life insurance? Question 7 During your recent meeting with Ron, a new client, you discussed the concept of risk. You defined several terms for Ron. Which of the following terms is defined as the possibility of loss, but no possibility of gain? Question 8 Jim’s car was totaled in a wreck. He failed to yield to oncoming traffic, and Jim was found to be at fault. The driver of the car he hit did not have insurance. Jim’s own car insurance policy reimbursed him for the property damage to his own vehicle. What type of coverage would pay for this? Question 9 An HO3 policy (“open perils” except those specifically excluded) with no endorsements excludes which one of the following perils? Question 10 In order to have an insurable risk, all of the following must be present except? Question 11 Julie is a doctor who specializes in performing heart surgery on babies. She has a longterm disability policy that covers her in the event that she can no longer perform this type of surgery due to disability. What type of longterm disability insurance policy does she have? Question 14 Which of the following statements regarding life insurance needs are correct? 1: The human value approach looks forward for information. 2: The capitalization of income approach looks at right now only for information. 3: The needs approach looks at future needs of dependents but does not consider the estate that the decedent would have built had he lived. Question 15 You recently met with your client, Tripp, to discuss his insurance policies. Tripp was reading a book on contracts and wanted to know how his insurance contract related to the material he was reading and to his circumstances. During your conversation, Tripp made several statements to clarify that he understood insurance. Which of the following statements would you have told him was incorrect? [Show Less]
Question 1 In five years, Joe wants to buy a boat that costs $75,000 in today’s dollars. He can earn 8% return on his investments, and he expects the boa... [Show More] t to increase in price by 3% each year. What will Joe’s serial payment at the end of the second year be, if he wants to buy the boat in 5 years? Question 2 Claire just won the lottery and has been told that she can either accept annual payments at the beginning of each year of $173,695 per year for the next 20 years or she can receive a lumpsum settlement. Claire figures she could invest the money at 6.34% (the same rate as the annuity). What would the amount of the lumpsum settlement be? Question 4 Cindy won the California lottery. She can take a single lumpsum payout of $12.5 million dollars or receive $825,000 per year for the next 25 years. What rate of return would Cindy need to break even if she took the lumpsum amount instead of the annuity? Question 5 Steve and his wife, Christine, recently opened an investment account with the intention of saving enough to purchase a house. Their goal is to have $45,000 for a down payment in 5 years. Their account will guarantee them a return of 8% compounded annually. How much do they need to put into the account right now to reach their goal? Question 6 Tan and Chia are contemplating making a contribution to their grandchildren’s education fund. They are both retired, have a significant amount of discretionary income, and are concerned about estate transfer taxes. Which of the following education planning techniques would you recommend? Question 7 Kim and Nick are planning to save for their daughter Chloe’s college education. Chloe was born today and will attend college for 4 years, starting at age 18. Tuition currently costs $15,000 per year, and tuition inflation is expected to be 6%. They believe they can earn 9% on their investments. How much must Kim and Nick save at the end of each year if they want to make their last savings payment at the beginning of Chloe’s first year of college? Question 8 Mitch and Jennifer have AGI of $125,000 and have not planned for their children’s education. Their children are ages 17 and 18, and the parents anticipate paying $20,000 per year, per child for education expenses. Which of the following is the most appropriate recommendation to pay for the children’s education? Question 10 Frank and Stephanie have an 18yearold son who is going to college this year for four years. The tuition is $15,000 per year and is expected to increase at 4% per year. They believe they can earn 6% per year on their investment; what lumpsum amount must they deposit today to pay for their son’s education? Question 13 David purchased stock 15 years ago for $325.75. He sold the stock today for $2,500. Given this information, what is the average annual compound rate of return that David realized on this stock? Question 15 Bobby bought a house for $275,000, by putting 15% down and borrowing the balance. His note is for 30 years at 7.5% interest. If his first payment is due August 1st of the current year, how much interest will he pay this year? [Show Less]
Question 1 An investor purchased a bond for $980, received $75 in interest, and then sold the bond for $950 after holding it for seven months. What is the ... [Show More] holding period return? Question 2 The risk which a firm may not be able to meets its debt obligations is known as: Question 3 Cathy and her twin sister Carley, both age 25, each believe they have the superior savings plan. Cathy saved $5,000 at the end of each year for ten years then let her money grow for 30 years. Carley on the other hand waited 10 years then began saving $5,000 at the end of each year for 30 years. They both earned 9% on their investment and are 65 years old today and ready to retire. Which of the following statements is correct? Question 4 The type of risk which measures the extent to which a firm uses debt securities and other forms of debt in its capital structure to finance is known as: Question 5 The type of risk which cannot be eliminated through diversification is: Question 6 Michael has an investment with the following annual returns for four years. Year 1: 12% Year 2: 5% Year 3: 8% Year 4: 18% What is the arithmetic mean (AM) and what is the geometric mean (GM)? Question 7 Which of the following statements regarding investment risk is correct? 1: Beta is a measure of systematic, nondiversifiable risk. 2: Rational investors will form portfolios and eliminate systematic risk. 3: Rational investors will form portfolios and eliminate unsystematic risk. 4: Systematic risk is the relevant risk for a welldiversified portfolio. 5: Beta captures all the risk inherent in an individual security. Question 8 Sylvia has two assets in her portfolio, asset A and asset B. Asset A has a standard deviation of 40% and asset B has a standard deviation of 20%. 50% of her portfolio is invested in asset A and 50% is invested in asset B. The correlation for asset A and asset B is 0.90. What is the standard deviation of her portfolio? Question 10 Mutual fund XYZ has a beta of 1.5, a standard deviation of 12%, and a correlation to the S&P 500 of 0.80. How much return of fund XYZ is due to the S&P 500? Question 11 Which factors may affect an individual’s retirement plan? 1: Work life expectancy 2: Retirement life expectancy 3: Savings rate 4: Investment returns 5: Inflation Question 12 Tyrone, age 25, expects to retire at age 60. He expects to live until age 90. He anticipates needing $45,000 per year in today’s dollars during retirement. Tyrone can earn a 12% rate of return and he expects inflation to be 4%. How much must Tyrone save, at the beginning of each year, to meet his retirement goal? Question 14 The following investment return will result in what dollar weighted return? An initial outlay of $50,000, with three years of additional outflows of $10,000 each, and inflows as follows: $0 the first year, $20,000 in years 2 and 3, and sale of the property at the end of year 3 for $75,000. Question 15 What is the weighted average beta of the following portfolio? Stock L has a beta of 1.45 and constitutes 10% of the portfolio; Stock M has a value of $125,000, with a beta of 0.93; While Stock N makes up 40% of the portfolio with a beta of 0.65, and Stock O, with a 2.2 beta has a dollar value of $175,000. [Show Less]
Question 1 Jason has three capital transactions for the current year. Shortterm capital loss of $5,000 Shortterm capital gain of $3,000 Longterm capi... [Show More] tal loss of $2,000 What is the net effect on Jason’s taxes if he is in the 35% tax bracket? Question 2 Cobalt, a calendaryear S corporation, was incorporated in 2010. The company had the following taxable income and distributions each year: Year 2010: Taxable income ($20,000); Distributions $0 Year 2011: Taxable income ($30,000); Distributions $0 Year 2012: Taxable income $150,000; Distributions $60,000 Year 2013: Taxable income $400,000; Distributions $175,000 Cobalt has a single shareholder. His original basis in the stock was $150,000. What is the shareholder’s basis at the end of 2013? Question 3 Angie and Patrick were married on September 1 of this year. Following a honeymoon in Hawaii, Patrick died of a heart attack. Neither Angie nor Patrick had any dependents. What filing status can Angie use this year? Question 4 Which of the following is not excluded from gross income? Question 5 Which of the following statements is/are true? 1: LLCs offer limited liability protection to members. 2: S corporations offer limited liability protection to owners. Question 6 Which of the following statements is/are true? 1: Partnerships offer limited liability protection to partners. 2: LLCs offer limited liability protection to members. Question 7 Greg just received his student loan statement that indicates he paid $3,000 of interest on his student loan during the tax year. How much of the loan may he deduct? Question 8 Which of the following statements is/are true? 1: Partnerships require registration with the state. 2: Limited partnerships require registration with the state. Question 9 Trina gave her nephew Roy 100 shares of HLM Corporation stock that she purchased 6 months ago for $10,000. At the time of the gift, the fair market value of the stock was $12,000. Which of the following statements concerning the stock is correct? Question 11 An S corporation has the following information for the taxable year. Net Income before the items below $90,000 Bill’s Salary ($38,000) Other Income $29,000 Other Expenses ($14,000) Net Income $67,000 Bill is a 20 percent owner of the S corporation and he performs services for the business as an employee. What is Bill’s selfemployment income? Question 12 Isaac is a middle school teacher with gross income this year of $35,000. Based on the following, what is Isaac’s adjusted gross income? 1: $4,000 qualified education interest expense 2: $2,000 alimony received 3: $1,000 contribution to a traditional IRA 4: $750 in educator expenses Question 13 An architect performed services for Bill and Sue and, in lieu of her normal fee, accepted a 10% interest in a partnership with a fair market value of $10,000. How much income from this arrangement should the architect report on her income tax return? Question 15 Aurora had the following cash inflows during the current taxable year. 1: Wages: $45,000 2: Loan Proceeds: $2,000 3: Child Support: $5,000 4: Stock Sale Proceeds: $3,000 5: U.S. Government Bond Interest: $1,000 What is her gross income for income tax purposes if her adjusted tax basis in the stock was $2,000? [Show Less]
Question 1 Which of the following is an undivided ownership in the property that, upon death of one owner, automatically passes to the surviving owner? 1: ... [Show More] Tenants by the Entirety 2: Tenants in Common 3: Community Property 4: Joint Tenancy with Rights of Survivorship Question 2 If Priscilla died with each of the following property interests, which will be excluded from her probate estate? Question 3 This estate planning tool will cause assets to be included in nongrantor holder’s gross estate. Question 4 The first step in the estate planning process includes: Question 5 A tenancy by the entirety may be terminated in which of the following ways? 1: Death, whereby the survivor takes the entire tenancy 2: Mutual agreement 3: Divorce, which converts the tenancy into a tenancy in common or a joint tenancy 4: Severance, whereby one tenant transfers his or her interest to a third party with or without the consent of the other tenant Question 6 Which of the following items will be retitled through probate? Question 7 Steve has been married to Louise for six years. They are about to buy their first home and have come to you with some questions that they have regarding titling of the home. In your explanation of the different property ownership arrangements, which of the following titling structures can only be entered into by spouses? Question 8 The unrestricted ability to ultimately name beneficiaries of income and corpus of a trust is known as: Question 9 Which type of will complies with the statutes of the domiciliary state and is drawn by an attorney? Question 10 Trusts are general tools that are beneficial in many financial planning situations. Many trust benefits, such as asset protection and control, are appropriate considerations for a family with a special needs person. Which of the following is generally correct regarding special needs trusts? Question 11 Divorce is a very emotional time for those who are going through it and assistance from a financial advisor is generally helpful. Which of the following are common mistakes that are made by those going through divorce? Question 12 Jose created a joint bank account for himself and his friend, Amparo. At what earliest point has a gift been made to Amparo? Question 13 A tenancy by the entirety may be terminated in which of the following ways? 1: Death, whereby the survivor takes the entire estate 2: Mutual agreement 3: Divorce, which converts the estate into a tenancy in common or a joint tenancy 4: Severance, whereby one spouse transfers his or her interest to a third party but requires the consent of the other spouse Question 14 Of the following types of ownership, which is available for married couples? 1: Tenancy by the entirety 2: Tenancy in common 3: JTWROS 4: Tenants by marriage Question 15 A spendthrift clause: [Show Less]
Question 1 Owen, a CFP® professional, works for a brokerage firm that requires any investment products or loans offered to a client must be proprietary pr... [Show More] oducts of the brokerage firm. One of Owen’s clients, “Dominic” that he has been providing financial planning services to for the past 10 years asked Owen to recommend a loan. Owen is still engaged in the financial planning process with this client. According to the CFP Code of Ethics, what action is Owen required to take? Question 3 A grocery store puts chocolate chip cookies on sale, which increases the demand for milk. What are the two products? Question 4 During a period of recession/contraction, which of the following would be true? 1: The supply of goods and services would be decreasing. 2: Interest rates would be decreasing. 3: Unemployment would be increasing. 4: Inflation would be decreasing. Question 5 Which of the following is a fiscal policy tool used by Congress that influences the money supply and interest rates? Question 6 The CFP Board’s Practice Standards are intended to: Question 7 Under the CFP Board’s Rules of Conduct, violations of the Rules of Conduct may subject a certificant or registrant to discipline. Which of the following is true with respect to any such violations? 1: Discipline extends to the rights of registrants and certificants to use the CFP marks. 2: The rules are designed to be a basis for legal liability to any third party. 3: The CFP Board has the exclusive right to ensure that certificants and registrants meet and continue to meet the CFP Board’s initial and ongoing certification requirements. Question 8 All of the following are examples of monetary policy except? Question 9 If the price of a luxury car decreases by a small amount, and there is a significantly large increase in demand, what can be said about the demand? Question 10 Due to a shortage in supply, the price of corn increases suddenly, causing a decrease in the demand for corn and an increase in the demand for carrots. Which term best describes the relationship between corn and carrots? Question 11 Increasing inflation rates and increasing interest rates would be characteristic of: Question 12 Rose is employed as a loan officer at a bank. Rose recently sat down and visited with her financial planner Julie, a CFP® professional. Rose was in need of cash and borrowed $15,000 from Julie. Based on Rule 3.7 of the CFP® Rules of Conduct (A certificant shall not lend money to a client.), which of the following statements is accurate? Question 13 Which of the following is not specifically addressed in the CFP Board’s Standards of Professional Conduct? Question 14 Low interest rates and high unemployment would be characteristic of what phase of the business cycle? Question 15 Bob is a CFP® professional. He recently met with a new client, Jack, who requests a needs analysis concerning Jack’s life insurance situation. Jack is 42 years old, married, and has 2 children he plans to send to college. He wants Bob to evaluate how much and what type of insurance he should purchase. Which of the following is required to be provided to Jack according to the Code of Ethics? [Show Less]
Question 1 Which of the following statements is/are correct? 1: The emergency fund ratio metric should be 3 to 6 months of nondiscretionary cash flows. 2... [Show More] : When calculating the savings rate for a family, any contributions to retirement made by the employer should be included. Question 2 For valuation purposes, balance sheet liabilities should be recorded at their: Question 3 Behavioral investors have been characterized as those who tend to choose portfolios by evaluation and decisions based on expected wealth, desire for security, aspiration levels, and probabilities of aspiration levels. Question 10 Traditional Finance slowed down market analysis and hampered investors and those participating in the market at a time when some may have been intimidated by or felt ignorant of available market information or financial data. Question 11 Which of the following is NOT true with respect to heuristics in the realm of financial advice? Question 26 Which of the following is not one of the five general categories that make up a client’s internal data? Question 29 Holly’s salary is $100,000 per year. She contributes 12% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. What is Holly’s savings rate? Question 34 Pat and Marie have the following expenses and account balances. Pat’s annual 401(k) plan contribution $16,500 Pat’s annual salary $100,000 Current liabilities $24,000 Housing costs (P&I and T&I) monthly $2,167 Cash & Cash equivalents $18,000 Monthly nondiscretionary cash flows $6,000 Monthly debt payments other than housing $500 Pat’s employer matches $1 for $1 up to 3% of Pat’s salary in his 401(k) plan. Based on the information above, calculate Pat and Marie’s current ratio in numbers. Question 35 Jeff recently purchased a house for $350,000. He made a down payment of $50,000 and financed the balance over 30 years at 7%. If Jeff's first payment is due on March 1st of the current year, how much interest expense will Jeff pay in the current year? Question 51 Seven years ago, Stan purchased 10 shares of an aggressive growth mutual fund at $90 per share for a total of $900. Today, he sold all 10 shares for $4,500. What was his average annual rate of return on this investment before tax? Question 52 Beth earns $100,000 working as a parttime lawyer in New Orleans. The company provides a matching contribution to the 401(k) plan of 50% of her contribution up to a maximum contribution of 4% of compensation. Her 401(k) plan account had $60,000 in it at the beginning of the year. She contributed $15,000 to the plan this year, and the employer made the matching contribution before yearend. The ending balance of the account is $100,000. What is her savings rate this year? Question 70 Your client invested $10,000 in an interest bearing promissory note earning an 11% annual rate of interest, compounded monthly. How much will the note be worth at the end of 7 years, assuming that all interest is reinvested at the 11% rate? Question 75 All of the following statements concerning educational fund 529 Savings Plans is correct except: [Show Less]
Question 1 Based on the CAPM, what return should Jordan expect from a security that last year returned 9% with a standard deviation of 12%, a beta of 1.2, ... [Show More] when the overall market return has been 10.2%, and the risk free rate of return is 3%? Question 2 The supply of coffee has been drastically reduced due to drought resulting in substantially higher prices. Which of the following statements is/are correct? 1: The demand curve for coffee will shift to the right. 2: The demand curve for creamer will shift to the left. 3: The demand for orange juice will increase. Question 3 Reed just found out that his dad, Red, has terminal cancer. Terminal illness can be devastating for a family. The financial planner working with Red will likely have to deal with which of the following? 1: Estate documents 2: Beneficiary designation forms 3: Emotional issues Question 15 Which of the following best describes the investment characteristics of a highquality longterm municipal bond? Question 21 XYZ has a current market price of $30 per share with earnings last year of $2.50 per share, a beta of 1.1 and a dividend of $1.25. Using the price/earnings multiplier, what price do you expect the stock to trade at if earnings per share next year are $3? Question 32 Ashley began saving $5,000 per year from age 25 to age 35 (ten years) and then invested the funds for another 30 years. Teeto began saving at age 35 and saved $5,000 each year until he retired at age 65 (30 years). Which of the following statements is correct assuming they invested their funds at 8 percent? Question 40 Betty wants to know what the probability is that her investment in HighFlier, Inc. will generate a return less than zero. The investment has a mean return of 6% and a standard deviation of 3%. Based on a normal distribution curve you correctly inform her that: Question 57 Your client, Alex, has only two assets in his portfolio: assets A and B. Asset A had a standard deviation of 40%, and Asset B has a standard deviation of 20%. 50% of his portfolio is invested in Asset A, and 50% is invested in Asset B. The correlation for assets A and B is 0.90. What is the standard deviation of Alex’s portfolio? Question 59 Which of the following persons, if any, is (are) not a party to a trust? 1: Trustee 2: Beneficiary Question 70 Which of the following are advantages to being a shareholder? 1: The expected returns for equities are higher than debt securities. 2: Equities have prices listed on major exchanges and are marketable. 3: Equities typically earn their expected return. 4: Equities that do not pay a dividend are tax efficient. Question 71 DWI has just paid an annual dividend of $2 per share, which is expected to grow at 5% indefinitely. If your client’s required rate of return to meet her retirement goals is 12%, what is the intrinsic value of the stock using the constant growth dividend discount model? Question 75 Which of the following convictions, if any, will always bar a candidate from becoming a CFP? 1: Conviction for tax fraud 2: Conviction for passing a bad check [Show Less]
Docmerit provided me with a simpler way to understand difficult topics. Notes were already simplified made studying that much easier.
I find Docmerit to be authentic, easy to use and a community with quality notes and study tips. Now is my chance to help others.
University Of Arizona
One of the most useful resource available is 24/7 access to study guides and notes. It helped me a lot to clear my final semester exams.
Docmerit is super useful, because you study and make money at the same time! You even benefit from summaries made a couple of years ago.