Use the Information Below to Answer the Following Questions) -Identify the Average Utility for the Growth Fund Decision

question 40

Multiple Choice

Use the information below to answer the following questions) . Below are four options for an investment decision. $$\begin{array} { | l | l | l | l | } \hline \text { Decision/event } & \text { Rates Rise } & \text { Rates Stable } & \text { Rates Fall } \\\hline \text { Bank CD } & \mathbf { 0 . 8 0 } & 0.80 & 0.80 \\\hline \text { Bond fund } & - 0.75 & 0.86 & 1.50 \\\hline \text { Index fund } & 0.00 & 0.90 & 1.20 \\\hline \text { Growth fund } & - 0.30 & 0.70 & 1.40 \\\hline\end{array}$$
-Identify the average utility for the growth fund decision.

• A) 1.05
• B) 0.70
• C) 0.20
• D) 0.60

---

Definitions:

Church of England

The primary state church in England, a Christian church of the Anglican tradition, characterized by a middle path (via media) between Roman Catholicism and Protestantism.

Catherine of Aragon

The first wife of King Henry VIII of England, whose marriage's annulment led to the English Reformation and the creation of the Church of England.

Bloody Mary

A cocktail made with vodka, tomato juice, and various spices and flavorings including Worcestershire sauce, hot sauces, and celery.

English Protestants

Followers of Protestantism in England, a movement that emerged in the 16th century seeking reforms in the Church of England.