According to Charles Ellis' Winning the Loser's Game, the field of investment management really has only two major parts. Those parts are: Question 4Select one: 

a. A profession (related to doing what is best for the returns for investment clients) and a business (related to doing what is best for the profits of investment managers). 

b. A profession (related to doing what is best for the returns for investment clients) and a calling (related to doing what is best for society as a whole). 

c. A calling (related to doing what is best for society as a whole) and business (related to doing what is best for the profits of investment managers). 

d. A pure competition model (many participants with no market control held by any participant) and a profession (related to doing what is best for the returns for investment clients).

In 1958 the average tuition for one year at an Ivy League school was $1,800. Thirty years later, in 1988, the average cost was $13,700. What was the growth rate in tuition over the 30-year period?

a. 12% 

b. 9% 

c. 6% 

d. 7% 

e. 8%