Refer to the investments worksheet. Which of the following is the average utility for the bond fund decision? [select the closest answer]

Select one:

a. 0.43

b. 0.38

c. 1.18

d. 0.54

Refer to the investments worksheet. Based on the average utility, which of the following is considered the best decision?

Select one:

a. Bank CD

b. Index Fund

c. Growth Fund

d. Bond Fund

1 Decision/Event Rates Rise Rates Stable Rates Fall 2 Bank CD 3 Bond fund 4 Index fund 5 Growth fund 0.8 0.75 0 0.3 0.8 1.5 1.2 0.8 0.86 0.9 0.7 1.4