QUESTION 34 Which investor holds the residual claim in a company? Credidors Common Stockholders Bond Holders Preferred Stock Holders QUESTION 35 Which of these insurable events are high frequency but low severity? Hurricanes Medical Malpractice Automobilo accidents Computer hacking QUESTION 36 in a typical mutual fund, how does an investor redeem their investmont? They sell the shares on the relevant exchange (like the NYSE), They can only sell their shares to another investor and that is arranged by the fund management company They sell their shares to the fund at the fund's net asset value at the exact time the redemption order is received They redeem their shares at their net asset value per share calculated at the fund's closing price on the day the redemption was received Their 401K provider issues and redeems shares QUESTION 37 What is the main difference between a bank and a non-bank financial company? Banks offer loans whereas non-bank financial companies specialize only mortgages Banks pay a lower rate of interest on deposits than non-bank finance companies Banks pay a higher rate of interest on deposits than non-bank finance companies Non bank finance companies get their funding from sources other than deposits