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Q: 11
Gregory is a conservative investor who wants to hold a portfolio of equity securities that would fall less than the overall market in a downturn. Which of the following portfolios would you advise Gregory to invest in?
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Q: 12
Sean purchases 500 units of Penn Canadian Equity Fund when the net asset value per unit (NAVPU) is $16.70. On December 15, the mutual fund’s NAVPU is $21. On December 16, the mutual fund declares a distribution of $1.25 per unit. Sean’s distribution is immediately reinvested and he purchases additional units of the mutual fund. Which of the following statements about the effect of the distribution is correct?
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Q: 13
Beatrice is looking for comprehensive information regarding the analysis of financial statements and fund management expenses as it relates to her current mutual fund investment. Which document would provide the information she is looking for?
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Q: 14
Which of the following Dealing Representatives has CORRECTLY fulfilled their suitability obligation?
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Q: 15
Which information is typically included in the Letter of Engagement?
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Q: 16
What is the role of a custodian?
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Q: 17
Quintin has been a Dealing Representative for Global Maximum Financial for 5 years. Today, he opened an account for his new client, Reginald. In addition to opening a new account, Reginald agreed to accept Quintin's investment recommendation and placed a purchase order to buy units of the Global Maximum Value Equity fund. Quintin informed his Branch Manager Lupita about this new account on the same day the purchase order was received. Lupita told Quintin that she would complete her review of the New Client Application Form (NCAF) by no later than tomorrow. Which statement regarding this new account opening is CORRECT?
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Q: 18
Catarina is a Dealing Representative for Ethical Financial which represents 20 different mutual fund families. Darlene is a fund manager from one of those mutual fund families and wants to send a gift card to Catarina as a symbol of appreciation. Ethical Financial's policies and procedures manual (PPM) require that Catarina decline the gift. What method of addressing conflict of interest is being used by Ethical Financial?
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Q: 19
Michael had invested in several mutual funds, most of which have appreciated in value. He is not sure if he needs to report the gain as capital gains when he files his income tax return. What would you tell Michael?
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Q: 20
Kendrick is a newly registered Dealing Representative for Oak Solid Financial. He has been assigned the task of contacting existing clients where there has been no record of consultation within the last 12 months. The first person he sees on his list is a client named Chandra Ruffino. He double-checks if her phone number is on the Do Not Call List (DNCL) registry. Which of the following statements apply?
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Question 11 of 20 · Page 2 / 2

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