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GiftLaw Pro Home   >  Chapter 4 - Specific Property Gifts  >  4.12 Stock  >  4.12.1 Public Stock  >  Basic Quiz

Basic Quiz - 4.12.1 Public Stock

1. Stocks generate consistent returns every year.
           
2. Total returns for stocks over the past 70 years have been approximately 10.5%.
           
3. The stock categories "small-cap" "mid-cap" and "large-cap" are based on the number of employees a company has.
           
4. Small-cap stocks are more stable than large-cap stocks.
           
5. Small-cap stocks generally produce a higher rate of return than large-cap stocks.
           
6. A primary difference between growth and value stock is the historical rate at which the stock has grown.
           
7. Long-term and short-term capital gains are taxed at the same rate.
           
8. A gift of public stock is complete when the stock is transferred to charity.
           
9. If a gift of stock is made by electronic transfer (from the donor's broker to the charity), the gift date is the date the charity receives the stock in its account.
           
10. For gift purposes a public stock is valued at the closing price on the date of transfer.