The largest mutual fund, as of March 2013, held approximately _____ billion in assets under management

The political business cycle involves the ________

A) expenditure of substantial funds by industry lobbyists to manipulate government regulation B) movement of individuals from government employment to positions within the industry they had previously participated in regulating C) use of expansionary fiscal policy just prior to elections D) election of government officials who are supportive of the government sector

A two-period project has the following probabilities and cash flows:

Probability Cash flow Period 1: .25 500 .50 600 .25 700 Period 2: .30 300 .50 500 .20 700 The discount rate is 7%, and the initial investment is $1,000. How much is the expected NPV of this project?