IFSE Institute CIFC Exam Torrent - CIFC New Dumps
IFSE Institute CIFC Exam Torrent - CIFC New Dumps
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IFSE Institute Canadian Investment Funds Course Exam Sample Questions (Q189-Q194):
NEW QUESTION # 189
Maureen is 65 years old and will be retiring soon. She has a modest portfolio of mutual funds that focus on growth. As she approaches retirement, Maureen wants to switch to investments that provide steady income with low to medium risk.
Given Maureen's wishes, which of the following mutual funds would be suitable for her?
- A. money market funds, mortgage funds, bond funds
- B. money market funds. Canadian dividend funds, sector funds
- C. Canadian dividend funds, global equity index funds, bond funds
- D. money market funds, global equity funds, bond funds
Answer: A
NEW QUESTION # 190
Which of the following characteristics about mortgage mutual funds is CORRECT?
- A. suitable only for high risk investors
- B. typically monthly distributions of interest
- C. risk-free where the mortgages are National Housing Act (NHA) insured
- D. if interest rates fall, the mutual fund's net asset value per unit (NAVPU) will decline
Answer: B
NEW QUESTION # 191
Ayan wants to make a registered retirement savings plan (RRSP) contribution and deduct it from his Year 1 income. What is the deadline for this contribution (assume that it is NOT a leap year)?
- A. March 1, Year 1
- B. December 31, Year 2
- C. March 1, Year 2
- D. December 31, Year 1
Answer: C
NEW QUESTION # 192
On January 3, John invests $500 in the Blue Sky U.S. Equity Fund. On July 1 of the same year, he invests another $500 into the same mutual fund. Information about the net asset value per unit (NAVPU) at the time of each transaction is provided below. Given this information, what will be the value of John's investment on December 31 of this year (please ignore transaction costs and distributions)?
- A. $1,332
- B. $1,198
- C. $1,216
- D. $1,256
Answer: D
Explanation:
Explanation
The value of John's investment on December 31 of this year can be calculated by multiplying the number of units he holds by the net asset value per unit (NAVPU) on that date. Since John invested $500 on January 3 and $500 on July 1, he holds a total of 125.6 units (62.8 units from the first investment and 62.8 units from the second investment). Therefore, the value of his investment on December 31 will be 125.6 units x $9.55 NAVPU = $1,256.
References: Canadian Investment Funds Course, Chapter 2: Mutual Funds1
NEW QUESTION # 193
You are collecting know your client (KYC) information for your new client, Yael. She has recently accepted an early retirement package from her employer and has $100,000 to invest. She is looking for an investment that will provide income to help pay her ongoing monthly expenses. Without this extra income, she would have trouble paying her bills. From your discussions, Yael understands that markets fluctuate and says she is comfortable with high risk. Which of the following would be a suitable investment?
- A. Canadian equity index fund
- B. money market fund
- C. mortgage fund
- D. global equity fund
Answer: C
NEW QUESTION # 194
......
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