Sixty percent of the time, the stoplight will change before you have to wait X seconds, what is the value of X?

Jarrod King, a private investor, purchases a Treasury bill with a $10,000 par value for $9,645. One hundred days later, Jarrod sells the T-bill for $9,719. What is Jarrod's expected annualized yield from this transaction?

A) 13.43 percent B) 2.78 percent C) 10.55 percent D) 2.80 percent E) none of these

Which of the following statements about Lloyds of London (are) true?

I. The majority of the business underwritten by Lloyds of London is for unusual risks, such as valuable race horses and professional athletes. II. Lloyds of London is a group of underwriters who underwrite insurance, not an insurance company. A) I only B) II only C) both I and II D) neither I nor II