Use the Information for the Question(s)below

question 113

Multiple Choice

Use the information for the question(s) below.
You are presently invested in the Luther Fund,a broad based mutual fund that invests in stocks and other securities.The Luther Fund has an expected return of 14% and a volatility of 20%.Risk-free Treasury bills are currently offering returns of 4%.You are considering adding a precious metals fund to your current portfolio.The metals fund has an expected return of 10%,a volatility of 30%,and a correlation of -.20 with the Luther Fund.
-The expected return on the precious metals fund is closest to:

• A)-3%
• B)4%
• C)1%
• D)10%

Differentiate between key contract law concepts such as down payments and deposits.

Discuss the limitations on specific performance, injunctions, and other equitable remedies in contract law.

Understand the role and limitations of monetary and equitable remedies in addressing breaches of contract.

Evaluate the principle of quantum meruit and its application in contract law.

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Definitions:

Private Firm

A business owned by private individuals or groups, not controlled by the government, and operated for profit.

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they are accessible to all and one person's use does not diminish another's.

Nonexcludable

Describes a good or service for which it is not possible to prevent people who have not paid from consuming or using it, such as public parks or street lighting.

Efficiency

The optimal allocation of resources to maximize the desired outputs while minimizing waste or unnecessary effort.