Question 24 6 pts You are the CEO of Florida Hurricane Property and Casualty Insurance Company. Before you head out to the annual conference, Jeff (your CFO) hands you the following annual results: Underwriting Expenses: $200 million Loss Adjusting Expenses: $75 million Net Earned Premium: $579 million Investment Expenses: $25 million Total Losses: $287 million What is your combined ratio (expressed in %)? Question 25 5 pts You are the manager of the UWM 778 open-end equity mutual fund. You have the following asset positions (all $s in millions): Amazon $350 Microsoft $240 Apple $650 Facebook $120 Southwest $65 What is your fund's NAV (in $s) if you also have $70 in cash and 20 million shares outstanding