Paul Was Driving His Kids to a Piano Lesson in a 2005

question 74

Multiple Choice

Paul was driving his kids to a piano lesson in a 2005 minivan. While driving, he was hit by an uninsured motorist. Although Paul and his kids had only minor injuries, their vehicle was totaled. Based on this information, which of the following is correct?

• A) The uninsured motorist needs to purchase insurance after the fact.
• B) Paul's uninsured motorist's protection should cover the cost of injuries for Paul and his kids.
• C) The uninsured motorist will be required to purchase a new minivan for Paul's family.
• D) It is likely that the uninsured motorist will not receive any citations or fines because she did not have insurance.
• E) In all states, Paul's uninsured motorist's coverage must cover damage to all vehicles involved in the accident.

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Definitions:

Stock C

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Beta

A measure of a stock's volatility in relation to the overall market; it indicates the tendency of a stock's returns to respond to swings in the market.

Portfolio

A group of investment assets held by either a person or a corporate entity.

Stock Y

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