Question 76
In March of this year, a client buys 1,000 PIL inc, common shares at $16 per share and pays a commission of
$25 on the purchase. Several months later in the same year, the client sell the shares at $12 per share and pays commission of $50 on the sale. What is the client's allowable capital loss on the transaction?
$25 on the purchase. Several months later in the same year, the client sell the shares at $12 per share and pays commission of $50 on the sale. What is the client's allowable capital loss on the transaction?
Question 77
Franco purchased an ETF in his non-registered account, and his total adjusted cost base in year 1 was
$30,000. The ETF distributes income each year. And this reinvested distribution total was $1,750. The ETF also distributes a return of capital of $850. What would Franco's total capital gain be if the sold the ETF for
$39,000?
$30,000. The ETF distributes income each year. And this reinvested distribution total was $1,750. The ETF also distributes a return of capital of $850. What would Franco's total capital gain be if the sold the ETF for
$39,000?
Question 78
Companies W, X, Y, and Z ail issue preferred shares and have experienced the following conditions Over the last five years:
Based on the above, which company is most likely to experience an increase in the market price of its preferred shares?
Based on the above, which company is most likely to experience an increase in the market price of its preferred shares?
Question 79
For which type of income distribution would the investment firm issue a T3 form to unitholders?
Question 80
Which type of mutual funds tend to have the lowest management fees?