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Answer the following questions: 1) Define the Wage Replaceme…

Answer the following questions: 1) Define the Wage Replacement Ratio (WRR). 2) List and Explain the 2 ways that you can calculate WRR 3) What is the typical value for a Wage replacement ratio 4) Does it ever make sense to have a WRR above 100%? Explain.  

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A Mutual Fund that invests only in firms that are good corpo…

A Mutual Fund that invests only in firms that are good corporate citizens is known as a:

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A person or entity entitled to act on behalf of another is k…

A person or entity entitled to act on behalf of another is known as:

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In community property states it is assumed that each spouse…

In community property states it is assumed that each spouse owns an undivided interest in all property owned by either or both spouses.

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While he was in the hospital, Emile told his wife that if he…

While he was in the hospital, Emile told his wife that if he died he wanted to give his fishing tackle to his son, Joseph; his golf equipment to his son, Joshua; his truck to his daughter, Abigail; and everything else to her (his wife). Emile died the next day without writing anything that he told his wife, but a nurse and another patient were in the room and heard his declarations. What type of will does Emile have, if any?

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The Beta of the stock is 1.45. You can come to conclusion th…

The Beta of the stock is 1.45. You can come to conclusion that:

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Answer the following questions about trusts: 1) What are the…

Answer the following questions about trusts: 1) What are the 3 main reasons a person would want to use a Trust? 2) What is a Spendthrift clause in a Trust and what purpose does it serve?

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Assets in a college savings plan are not considered assets o…

Assets in a college savings plan are not considered assets of the parents for financial aid purposes.

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Lily, age 38, currently earns $90,000. Her wage replacement…

Lily, age 38, currently earns $90,000. Her wage replacement ratio is determined to be 85 percent. She expects that inflation will average 2.5 percent for her entire life expectancy. She expects to earn 10.5 percent on her investments and retire at age 67, possibly living to age 94. She has sent for and received her Social Security benefit statement, which indicated that her Social Security retirement benefit in today’s dollars is $22,000 per year. Calculate Lily’s capital needed at retirement age 67 and the amount Lily must save at the end of each year, assuming she has no current savings accumulated for retirement. Solve using the Purchasing Power Preservation Model.

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The section of DNA found upstream (before) a gene, which ind…

The section of DNA found upstream (before) a gene, which indicates where the information begins is called the __________. [Where RNA Polymerase will initially bind]

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