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FINC-3480-A-Personal Finance I
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BlueBerry stocks have recently dropped significantly in value. BlueBerry has been criticized about the level of debt it has taken on, that is, it has a higher than industry average debt to equity ratio. BlueBerry investors are being negatively affected, primarily, by which type of risk?
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Regarding the reward-risk trade off and liquidity of asset classes as described in the chapter Investment Fundamentals, the most accurate statement below is:
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Lethbridge Heavy Duty Mechanics, Ltd. is a publicly traded company that has $150 million of equity and 10 million common shares issued and outstanding. Net income was $8 million for the most recent fiscal year ended and there are no preferred shares outstanding. The company's shares closed at $16.50 on the last trading day. These shares are considered by investors to be:
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Preferred shares where the shareholder may have the issuer repurchase them at par value are:
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Dave the farmer has a mutual fund that is referred to as a "balanced fund". Which of the following statements is the best description about what Dave should expect from his investment?
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Brianne has a higher risk tolerance than most investors. She anticipated a strong drop in Sears Canada shares because of speculation that the company will miss its EPS expectations. Brianne did not own any Sears shares but phoned her broker who placed a sale order for her at $20.75 per share. Shortly after the sale, the shares dropped to $12.35 at which time she purchased the same number of Sears shares to replace them. Brianne made a profit through placing a:
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Audits may result by CRA because:
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The concept of Alternative Minimum Tax is to:
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All of the following are conditions that apply under the voluntary disclosure program (VDP) for a taxpayer to potentially avoid penalties or prosecution, EXCEPT: The disclosure must:
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Five years ago, Ryley and her husband each invested $10,000 into NewApp Ltd, a CCPC (Canadian Controlled Private Corporation). All operations are in Canada. Neither of them previously owned a company or a farm. At least 90% of the fair-market value of the assets are actively used in operations, and Ryley and her husband each own 100 of the 200 shares issued by NewApp. Raina R. is a chartered business valuator (CBV) and has suggested the company is worth $1.6 million. Both are tiring of the long hours required to keep the company going so they have decided to divest and retire early in life. To minimize their personal tax expenses, they best option most likely would be:
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