5-110 What Is the NAV of Both Funds

question 37

Multiple Choice

5-110 What is the NAV of both funds?

• A)$30.33 and $13.50.
• B)$60.00 and $27.00.
• C)$30.00 and $54.00.
• D)$60.00 and $27.00
• E)$15.00 and $54.00.

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Definitions:

Moral Hazard Insurance

Situations in insurance where the existence of insurance coverage can lead to riskier behavior by the insured, as the consequences of that behavior are partially absorbed by the insurer.

Disability Insurance

A type of insurance that provides financial support to a person who is unable to work because of a disability.

Unemployment Insurance

A government-provided benefit offering temporary financial assistance to unemployed workers who meet certain eligibility requirements.

Mutual Fund

An investment vehicle that pools money from many investors to purchase a diversified portfolio of stocks, bonds, or other securities.