Test 3
1 / 8
Bill wants an investment where he does not have to pay capital gains tax. He is interested in unit trusts, investment trusts and open-ended investment companies. Which one of these would achieve his investing aims?
2 / 8
An investment trust:
3 / 8
Under a unit trust, what does the cancellation price represent?
4 / 8
What effect does the anticipation or actual increase in interest rates have on the price and income from gilt-edged securities?
5 / 8
Alec Enterprises intends to raise additional finance by issuing more shares. They are therefore obliged to:
6 / 8
Terry has the coupon on his Gilts paid gross. As a higher rate taxpayer he will pay:
7 / 8
National Savings Premium Bonds are MORE advantageous for:
8 / 8
Yvonne is a non-taxpayer and holds a building society deposit account. Her interest will be paid:
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