Asking trainees to think about events in their past that are related to the content of the training is designed to facilitate

You have just read the annual report of a mutual fund. It boasted of a 26% return and advertised that it had beat the market return last year by three percentage points

In doing some research you discover the fund had a beta of +1.5 and the return on risk-free Treasury securities was 15.0%. Assuming a market risk premium of 8.0% should be used to evaluate performance means that A) the fund's performance was impressive; three percentage points is significant, given the above data. B) the fund's performance was good, but not impressive; it beat the market, but only by one percentage point?not three. C) the fund's performance was no better than what you would have expected. D) the fund's performance was actually a percentage point less than what you would have expected.

Which of the following statements concerning defined-benefit pension plans is (are) true? I. The contribution rate by the employer varies from year to year. II. The retirement benefit is not known in advance

A) I only B) II only C) both I and II D) neither I nor II