My brother-in-law worked as a full-time school teacher in San Diego for 35 years. When he completed his 35 years of service, he retired and now receives -- based on his salary and years of service -- $6,000 per month for the rest of his life. This type of employer-sponsored retirement plan is best described with which of the following phrases:

Fixed compensation

Defined benefit

Perpetual benefit

Contingent benefit

Defined contribution

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Question 182 pts

A company's market capitalization is determined by multiplying the total number of stock shares that have been issued times which of the following:

Capital expenditures per share

Price per share

Earnings per share

Jobs per share

Revenue per share

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Question 192 pts

As you may have noticed, the Salt Lake City Airport is undergoing a massive renovation process that will be paid for through the sale of municipal bonds. Recently, Airport leaders told the City Council that they underestimated the cost of the project and needed another $350 million, to be raised via additional bonds. The Airport leaders were quick to point out that the additional bonds would not require an increase in property or sales taxes paid by the city's citizens because the bonds would be repaid by user fees that would be collected from airlines and future air passengers. The type of bonds that are financing the airport renovation project are called:

Revenue

Deferred

Infrastructural

General obligation

Reversible

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Question 202 pts

What is the name of the mutual fund investor expense that is deducted from the investor's account each year regardless of fund performance yet is justified as covering the expenses of advertising the fund and paying a commission to the person who sold (brokered) the fund?

457 fee

Front-load charge

12b-1 fee

Redemption fee

Deferred charge

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Question 212 pts

All of the following were presented as effective methods of reducing overall investment risk EXCEPT:

Dollar cost averaging

Rebalancing

Obtaining professional financial help

Market timing

Diversification