From March 2009 to January 2012, stock prices as measured by the S&P 500 Index
A) more than doubled in value.
B) lost more than half their value.
C) declined by nearly 10%.
D) rose by nearly 25%.
Answer: A
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Suppose a company has a current ratio of 2.5 times and a quick ratio of 1.5 times. If the company’s current liabilities are h100 million, the amount of inventory is closest to
A. h50 million. B. h100 million. C. h150 million.
Which of the following statements about policy delivery is CORRECT?
A) Most insurers require agents to personally deliver the policy so that they can explain the policy's terms, exclusions, and riders. B) Constructive delivery is not considered a legal means of delivering an insurance policy. C) The insurer typically sends the policy directly to the policyowner. D) Policies cannot be mailed to agents for delivery to policyowners."