TABLE 3-11
the Following Table Represents the Assets in Billions

question 59

Short Answer

TABLE 3-11
The following table represents the assets in billions of dollars of the five largest bond funds.
$\begin{array}{l}\begin{array}{l}\hline \text { Bond Fund}& \text { Assets (Billions \$) }\\\hline \text { Vanguard GNMA }& 19.5 \\\text { Vanguard Total Bond Mkt. Index } &16.8 \\\text { Bond Fund of America A }& 13.7 \\\text { Franklin C alif. Tax-Free Inc. A }&12.8 \\\text { VanguardShort-T erm Corp. } &10.9 \\\hline\end{array}\end{array}$
-Referring to Table 3-11, what is the mean for this population of the five largest bond funds?

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Definitions:

Personal Liability

An individual's legal responsibility to satisfy a debt or legal obligation from personal assets.

Business Debts

Business debts are financial obligations that a business owes to creditors, which can arise from borrowing money, purchasing goods or services, or other business activities.

No Personal Liability

A legal principle or clause that protects an individual's personal assets from being used to satisfy business or contractual debts and liabilities.

Personal Liability

The legal responsibility of an individual to bear the burden of debt or obligation from his/her actions, separate from the liability of a business entity or corporation.