Question 51
Section A (1 Mark)
In the start-up stage of the industry life cycle
In the start-up stage of the industry life cycle
Question 52
Section A (1 Mark)
Income from which trust is added to the beneficiary's taxable income?
Income from which trust is added to the beneficiary's taxable income?
Question 53
Section A (1 Mark)
A ____________________ tax system places a relatively large tax burden on upper-income people and a relatively small tax burden on lower-income people.
A ____________________ tax system places a relatively large tax burden on upper-income people and a relatively small tax burden on lower-income people.
Question 54
Section C (4 Mark)
A 14% semiannual-pay coupon bond has six years to maturity. The bond is currently trading at par. Using a 25 basis point change in yield, the effective duration of the bond is closest to:
A 14% semiannual-pay coupon bond has six years to maturity. The bond is currently trading at par. Using a 25 basis point change in yield, the effective duration of the bond is closest to:
Question 55
Section B (2 Mark)
Mr. Jatin is a single forty nine year-old pharmaceutical executive earningRs25,00,000 per year. He lives extravagantly, occasionally spending more than his income, but has saved approximately Rs. 15,00,000. His primary investment goal is to donate Rs30,00,000 to his alma mater, but cannot obtain life insurance. Mr. Jatin exhibits the following biases:
Mr. Jatin is a single forty nine year-old pharmaceutical executive earningRs25,00,000 per year. He lives extravagantly, occasionally spending more than his income, but has saved approximately Rs. 15,00,000. His primary investment goal is to donate Rs30,00,000 to his alma mater, but cannot obtain life insurance. Mr. Jatin exhibits the following biases: