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1-1 What is finance? What types of decisions do people in finance make? CFIN5 - CHAPTER 6 Integrative Problem Robert Campbell and Carol Morris are

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1-1 What is finance? What types of decisions do people in finance make? CFIN5 - CHAPTER 6 Integrative Problem Robert Campbell and Carol Morris are senior vice-presidents of the Mutual of Chicago Insurance Company. They are co-directors of the company's pension fund management division, with Campbell having responsibility for fixed income securities (primarily bonds) and Morris being responsible for equity investments. A major new client, the California League of Cities, has requested that Mutual of Chicago present an investment seminar to the mayors of the represented cities. Campbell and Morris, who will make the actual presentation, have asked you to help them by answering the following questions

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