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Angela received stock dividends, valued at $10,000, from Lucky Investor Inc., a taxable Canadian corporation. Which one of the following statements is correct? OA) Angela will receive the stock dividend tax free. B) The $10,000 will be included in Angela's income with no other special adjustments. C) The stock Angela received translates into a grossed-up dividend of $13.800 which will be included in her income. D) There is not sufficient information to calculate the tax consequence. The concept of portfolio insurance involves: A) an equal proportion of risk-free and riskier assets with the objective of maximizing investment return. B) the purchase of asset insurance to compensate the investor if significant losses are realized within the portfolio. OC) the design of a portfolio to avoid large losses and to secure minimum favourable returns. D) the overweighting of risk-free assets to create a risk-free portfolio. Page 12 of 36 Rani would like to purchase preferred shares of MyMusic Inc., which have a $500 par value and a dividend rate of 9.2%. If the share's current market price is $755, what is the current yield? OA) 9.20% B) 5.95% C) 6.09% OD) 4.60% Page 13 of 36 Max purchased new computer equipment with a capital cost of $87,000 while he disposed of $22,000 in other computer equipment (where the $22,000 is the lesser of capital cost and proceeds of disposition). The balance in Max's class 8 CCA account on January 1 was $230,000. Given these transactions, what is the closing balance of Max's Class 8 CCA account? The CCA rate for class 8 is 20%. OA) $242,500. B) $236,000 C) $295,000 D) $208,000. With regard to the concept of fundamental analysis, which of the following statements is/are true? (select all that apply) A) It is used as a tool to identify mispriced securities. B) Data used in this analysis could be derived from interviews with key management at a particular company. C) Patterns related to the average price of a company's stock over an extended period of time are used in this analysis. D) Historical price movements of the company's stock are tracked over long periods of time and analyzed for consistent patterns

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