financial planning Question 4 Under an income protection policy, Ellen Tucker, who has been disabled, is receiving $4,000 a month. Ellen has made a good recovery and is now able to resume some duties. Her salary while working reduced hours is $4.000 per month, whereas her pre-accident salary was $6,000 per month. What partial disability benefit would be paid under the policy? (Refer to tutorial for assistance) Question 5 The market value of the Smiths' home and contents is $400,000. However, Mr Smith insured the home and contents for only $300,000. If fire caused $200,000 damage, what amount is the insurance company liable to pay if the policy included a co-insurance clause and the company required a market value of 80%? (Refer to tutorial 8 for assistance) Question 6 Calculate the Sharpe index for the following funds: Fund A Unit price at start of year $6.54 per unit Unit price at end of year $7.18 per unit Standard deviation of the fund (6) 0.76 Risk-free rate (R) 3.50% p.a. Fund B Unit price at start of year $2.25 per unit Unit price at end of year $2.75 per unit Standard deviation of the fund (6) 0.98 Risk-free rate (R) 3.50% p.a. (Refer to tutorial 6 for assistance)