Exhibit 2-9

question 76

Multiple Choice

Exhibit 2-9.An analyst constructed the following frequency distribution on the monthly returns for 50 selected stocks: Refer to Exhibit 2-9.The proportion of stocks with returns of less than 10% is ____.

• A)0.30
• B)0.50
• C)0.66
• D)0.80

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Definitions:

Insurable Interest

A requirement indicating that a person or entity must have a direct stake in the preservation of the insured item or person to legally purchase insurance on that item or person.

Simple Delivery Contract

An agreement where the delivery of a product is made immediately upon completion of the sale.

Contract

A legally binding agreement between two or more parties that outlines obligations and rights concerning specific terms.

Risk Of Loss

The liability or potential for losing value or possession of goods, often considered in transactions and agreements.