The Letter of Last Instruction Is

question 1

Multiple Choice

The letter of last instruction is

• A) Another name for a will.
• B) Legally binding.
• C) Another name for a trust.
• D) A document that identifies whether you want to be kept alive by artificial means if you become terminally ill and unable to make such a decision.
• E) A non-legally binding document that provides information regarding your death such as funeral arrangements.

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Definitions:

Dividends

Shareholders receive payments from a corporation, typically sourced from its profits.

Coupon Payments

Periodic interest payments made to bondholders during the life of the bond.

Floating Rate Bonds

Bonds that have variable interest rates, adjusting periodically in relation to an index or benchmark rate.

Interest Rates

The cost of borrowing money or the return for lending money, typically expressed as an annual percentage rate.