The Failure to Appoint a Trustee Will Destroy a Trust

question 70

True/False

The failure to appoint a trustee will destroy a trust.

---

Definitions:

Yield-To-Maturity

The total return anticipated on a bond if it is held until the date it matures.

Total Assets

The sum of all current and long-term assets owned by a company, used to determine the financial strength of a business.

Tax Rate

The percentage at which an individual or corporation is taxed, which can vary depending on the income or profit level.

Unlevered Cost

The cost of funding a project or investment without any associated debt, reflecting the cost of capital that is equity financed.