According to the 'Give Each to Each' Rule of Common

question 51

Multiple Choice

According to the 'give each to each' rule of common law presumptions to statutory interpretation:

• A)the meaning of a word or phrase is to be derived from its context.
• B)where two or more specific words are followed by general words the general words are interpreted to accord with the class created by the specific words.
• C)where two offences are followed by two penalties the first penalty applies to the first offence and the second penalty applies to the second offence.
• D)if the legal text expressly states that it is to apply to certain specific things, then things not expressly included are by implication excluded.

---

Definitions:

Basis Points

One basis point is equal to 1/100th of 1%, used primarily to denote the change in interest rates, equity indexes, and the yield of fixed-income securities.

Price Decline

A decrease in the market price of an asset or security.

Duration

A measure of the sensitivity of the price of a bond or other fixed-income investment to a change in interest rates, often expressed in years.

Price Volatility

The rate at which the price of an asset increases or decreases for a given set of returns, indicative of the risk or stability.