Consider the Following to Answer the Question(s) Below

question 28

Essay

Consider the following to answer the question(s) below:
A full service brokerage firm gathered information on how their clients were investing for retirement. Based on age, clients were categorized according to where the largest percentage of their retirement portfolio was invested. The table below summarized the data.

-Find each of the following percentages.
a. What percentage of the clients who invest in mutual funds are over age 50?
b. What percentage of clients over age 50 invest in mutual funds?
c. What percentage of the mutual fund investors are over age 50?

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Definitions:

Auctioneer

A person who conducts auctions by calling out prices and selling items to the highest bidder.

Estoppel

A legal principle that prevents a party from asserting a claim or right that contradicts what they have previously stated or agreed to by their actions.

Express Authority

Pertains to the power explicitly granted by one party to another, typically in writing, to perform specific acts or functions.

Implied Authority

Powers not expressly stated but assumed to be granted in order for an individual to carry out duties effectively.