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CFP® Practice Question: Inherited Property

By Dan Madden, CFP®

Three years prior to Matthew’s death, he inherited property that was taxed in his father’s estate. What percent credit would Matthew receive on this inherited property in his own estate? A. 100% B.  80% C.  60% D.  40% E.    0% CLICK TO REVEAL ANSWER Correct answer is B. Full credit is allowed if the death…

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CFP® Practice Question: Reasons for Writing a Covered Call

By Keir

Which of the following are logical reasons for writing a covered call? (1)   To profit when stock prices increase (2)   To utilize leverage (3)   To provide additional income in a flat market (4)   To provide additional gain while disposing of a long stock position A. (1) only B. (1) and (3) only C. (1), (2),…

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Student Question of the Week: Skip versus Non-Skip Person

By Dan Madden, CFP®

Student Question from David MCourse: Estate Planning Student Question: Hi Dan! Why is Hillary a non skip person in question 1 when she is the granddaughter of Sam and Sarah Parker? Instructor Response: Hi David! Good example of where to be careful on CFP Board exams.  While the diagram shows Sam and Sarah at the…

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CFP® Practice Question: Duration

By Keir

Which of the following statements correctly describes duration? A. There is a positive relationship between the coupon rate and duration. B. There is an inverse relationship between the yield to maturity and duration. C. Bonds with shorter durations are more volatile. D. There is an inverse relationship between maturity and duration. CLICK TO REVEAL ANSWER…

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New February Start Date for the Instructor-Led CFP® Certification Education Online Program

By Michael Sorrow

Greene Consulting, a leading financial services education and consulting firm, and the University of Georgia’s Terry College of Business, one of the top business schools in the country, announces a new start date for the next Live Instructor-Led Certified Financial Planner™ Certification Education Online class. The next class begins on Wednesday, February 24, 2016, at…

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CFP® Practice Question: How Much Would you Pay for this Bond?

By Keir

Bill asks you to price a zero-coupon bond that matures in seven years for $1,000. Bonds with similar risk and maturity yield 10.5%. What is a fair price for Bill to pay for this bond? $473 $481 $489 $497 CLICK TO REVEAL ANSWER The correct answer is C.   TI BA-II Plus                                  HP-12C 7, x,…

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CFP® Practice Question: Which Portfolio Would You Choose?

By Keir

Portfolio X has a weighted beta coefficient of 1.5, and Portfolio Y has a weighted beta coefficient of .8. Both portfolios are expected to earn the same weighted-average expected return. With these assumptions, which of the following statements is correct? An investor should choose Portfolio X because of its higher beta. An investor should choose…

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Student Question of the Week: Series EE Bonds Interest

By Dan Madden, CFP®

Student: Question from Matt F.Course: Fundamentals of Financial Planning Student Question: I have several clients that inquired about this recently – they have several Series EE bonds that are maturing or have matured. Do these bonds continue to pay interest after maturity? Is the interest the same amount if so? Thanks. Matt Instructor Response: Hey…

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Debut of the Certified Personal Retirement Specialist™ Professional Designation

By Michael Sorrow

We are excited to announce the Certified Personal Retirement Specialist™ designation. The Certified Personal Retirement Specialist™ (CPRS™) designation covers topics beyond the CFP Board Exam. In-depth education of retirement planning techniques and actionable examples for how to effectively communicate retirement complexities with clients is a key part of the designation. This comprehensive professional designation is…

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