Which of the Following Is Unlikely to Be Considered a Trustee

question 3

Multiple Choice

Which of the following is unlikely to be considered a trustee de son tort?

• A) A solicitor who continues acting on behalf of a trust without further instructions after the death of the last surviving trustee.
• B) A financial adviser who is employed by the trustees to make an unauthorised investment on behalf of the trust.
• C) A person purportedly appointed as a trustee by an instrument in writing when the trust instrument requires the appointment to be made by deed.
• D) A person purportedly appointed as a trustee by deed as specified in the trust instrument but without the written consent of the protector as required by the trust instrument.

Grasp the concept of cost of debt and its role in WACC calculation.

Recognize the importance of cost of capital in a firm's financial decision-making process.

Be able to define Economic Value Added (EVA) and its significance.

Gain knowledge about the role of flotation costs in project financing and the calculation of weighted average flotation costs.

---

Definitions:

Corporate Bonds

Debt securities issued by corporations to finance their operations, expansion, or other spending needs, paying fixed or variable interest rates to investors.

Treasury Bills

Treasury Bills are short-term government securities with maturity periods of one year or less, often used by investors as a low-risk investment option.

Inflation

It is the rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Probability Range

A statistical measure that quantifies the likelihood of various outcomes for an event, often expressed as a minimum and maximum value.