Emma invested in a split-share corporation where the preferred shares have a priority claim on $40 of the common shares’ value. If the current value of the common shares is $55 and the corporation is winding up, what amount will Emma receive for her capital shares if they hold the remaining value after the preferred shares' claim?
As an institutional salesperson, you are dealing with a client who lacks experience in derivatives but is interested in investing in them. The client insists they can handle the risks. What should you do?
A portfolio manager of an actively managed ETF in Canada decides to make changes to the fund's holdings. Considering the regulatory environment and the ETF structure, when is the manager most likely able to implement these changes?