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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