AFF3111 2007 Sem 1

AFF3111 2007 Sem 1 - OFFICE USE ONLY Monash University...

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OFFICE USE ONLY AFF3111 Exam Sem 1 2007 P a g e 1 o f 1 2 Monash University Semester One Examination 2007 Faculty of Business and Economics Department of Accounting and Finance EXAM CODES: AFF3111 TITLE OF PAPER: PERSONAL FINANCIAL PLANNING EXAM DURATION: 3 h o u r s READING TIME: 1 0 m i n u t e s THIS PAPER IS FOR STUDENTS STUDYING AT: (office use only tick where applicable) ± Berwick ± Clayton ± Peninsula ± Distance Education ± Open Learning ; Caulfield ± Gippsland ± Sunway ± Enhancement Studies ± Other (specify) During an exam, you must not have in your possession, a book, notes, paper, calculator, pencil case, mobile phone or other material/item which has not been authorised for the exam or specifically permitted as noted below. Any material or item on your desk, chair or person will be deemed to be in your possession. You are reminded that possession of unauthorised materials in an exam is a disciplinable offence under Monash Statute 4.1. AUTHORISED MATERIALS CALCULATORS ; YES ± NO (Permitted calculators: Citizen SRT-135, Casio FX82MS scientific calculator, the Casio FX82AU scientific calculator, and Sharp EL-735 financial calculator, or calculators with an 'approved for use' Faculty label) OPEN BOOK ± YES ; NO SPECIFICALLY PERMITTED ITEMS ± YES ; NO if yes, items permitted are: This paper consists of six (6) questions printed on three (3) pages plus eight (8) pages of Rates and Tables printed on a total of twelve (12) pages. It comprises 70 marks and represents 70 per cent of your final mark in this unit. Students must attempt ALL questions. PLEASE CHECK THE PAPER BEFORE COMMENCING. THIS IS A FINAL PAPER. STUDENT ID: …………………………. .. DESK NUMBER: ……………………. THIS EXAMINATION PAPER MUST BE INSERTED INTO THE ANSWER BOOK AT THE COMPLETION OF THE PAPER. NO EXAMINATION PAPERS SHOULD BE REMOVED FROM THE EXAMINATION ROOM.
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OFFICE USE ONLY AFF3111 PERSONAL FINANCIAL PLANNING AFF3111 Exam Sem 1 2007 P a g e 2 o f 1 2 Question 1 Answer the following in the answer booklet provided by writing the question number (7), the part number (a–j) and the nominated answer (i–iv) for each part. Select the response that you feel best answers the question/statement. (a) If interest rates move down, the unit price of a fixed - interest managed trust should: (i) d ecrease (ii) r emain the same (iii) increase (iv) n one of the above. (b) W hich does not apply to a complying annuity? (i) Must be payable for the lifetime of the annuitant. (ii) Payments must be indexed by the AWOTE. (iii) No commutation allowed after six months from commencement. (iv) Cannot be used as security for borrowing. (c) A person who dies intestate has: (i) d ied prior to the death of their spouse (ii) d ied in a state other than their home s tate (iii) d ied without leaving a written will (iv) d ied without appointing an executor. (d)
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This note was uploaded on 07/19/2011 for the course BUS 3111 at Monash.

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AFF3111 2007 Sem 1 - OFFICE USE ONLY Monash University...

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