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LOS g: Explain how taxes affect investment risk.
Q1. Gil Tabor, CFA and Jan Sills, CFA are discussing how the choice of account type affects investment risk and the amount of that risk borne by the government via taxes. Tabor says that the government bears some of the tax risk in a tax-exempt account. Sills says the government bears some of the risk in a tax-deferred account. With respect to these assertions:
A) both Tabor and Sills are incorrect.
B) both Tabor and Sills are correct.
C) Tabor is correct and Sills is incorrect.
Q2. Which of the following moves by a government would most likely lead to the government taking on more investment risk?
A) Moving from a common progressive tax regime to a heavy dividend tax regime.
B) Moving from a heavy dividend tax regime to a common progressive tax regime.
C) Tax regimes cannot shift investment risk.
Q3. If an investment is held in an account that is taxed annually, the government bears:
A) none of the investment risk.
B) all of the investment risk.
C) some of the investment risk.
Q4. If an investment is held in a tax-exempt account, then the investor bears:
A) none of the investment risk.
B) some of the investment risk.
C) all of the investment risk.
[此贴子已经被作者于2009-4-2 14:25:14编辑过] | 
发表于 2009-4-2 14:24
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