A standard family trust is all of the following except
A) it is established for children in a family.
B) it is created by wills.
C) it is used to minimize taxes.
D) it is a living trust.
Answer: D
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Which of the following statements is true about Generation Y?
a. Its members were born between 1965 and 1978. b. Its members are tech savvy but still use traditional media. c. Its members have the least spending power than any other cohort. d. Its members are the first generation of latchkey kids.
Whitts BBQ would like to issue some 10-year, semiannual coupon bonds at par. Comparable bonds have a current yield of 9.16 percent, an effective annual yield of 9.68 percent, and a yield to maturity of 9.50 percent. What coupon rate should Whitts BBQ set on its bonds?
A. 9.00 percent B. 9.16 percent C. 9.50 percent D. 9.68 percent E. 10.00 percent