Regarding a Party That Cannot Be a Witness to a Will,which

question 13

Multiple Choice

Regarding a party that cannot be a witness to a will,which of the following statements is correct?

• A)An adult child may not be a witness to a will.
• B)A spouse may not be a witness to a will.
• C)A spouse may be a witness to a will,but no other relative may be a witness to a will.
• D)A beneficiary may not be a witness to a will.
• E)An adult child may be a witness to a will,but no other relative may be a witness to a will.

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Definitions:

Coupon Rate

The annual interest rate paid on a bond's face value, indicating the amount of periodic payments to the bondholder.

TIPS Bond

Treasury Inflation-Protected Securities are U.S. government bonds that are indexed to inflation in order to protect investors from the negative effects of rising prices.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which does not necessarily reflect its market value.

Yield To Maturity

The total return anticipated on a bond if it is held until it matures, including all interest payments and the repayment of the principal.