ESSENTIALS OF ECONOMICS WITH CONNECT
ESSENTIALS OF ECONOMICS WITH CONNECT
11th Edition
ISBN: 9781266628146
Author: SCHILLER
Publisher: MCG
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Chapter 2, Problem 10P
To determine

(a)

Total money devoted to development assistance by the U.S. in 2018.

To determine

(b)

The amount for each of the 3 billion poor people out of the total amount for development assistance.

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1. A pension fund manager is considering three mutual funds. The first is a stock fund, the second is a long-term government and corporate fund, and the third is a (riskless) T-bill money market fund that yields a rate of 8%. The probability distributions of the risky funds have the following characteristics: Standard Deviation (%) Expected return (%) Stock fund (Rs) 20 30 Bond fund (RB) 12 15 The correlation between the fund returns is .10.
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