The Jockey Club concept originated in which nation?

ABC common stock is expected to have extraordinary growth of 20 percent per year for two years, at which time the growth rate will settle into a constant 6 percent. If the discount rate is 15 percent and the most recent dividend was $2.50, what should be the current share price?

A) $47.77 B) $37.39 C) $31.16 D) $33.23

"John, age 55, owns a whole life policy with a face amount of $100,000 for which the annual premium is $1,000. John explains to his agent that he lost his job and cannot afford his $1,000 annual premium but still desires to have life insurance to age 100. What nonforfeiture option could John's agent recommend to him?

A) Reduced paid-up policy B) Reduced premium C) Modified endowment contract D) There are no options, since John can't afford to pay the premium anymore"