1. Why is time value of money important to life insurance planning? Give an example using the present value method for a 40-year-old compared with a 60-year-old using a 3% interest rate.
2. The frontier mid cap fund has assets worth $ 14,572,000. it has 225,000 mutual fund shares outstanding. its NAV is $ 64.375. what are the total expenses for the fund?
3. Which of the following is a false statement related to options on futures?
a. options on futures are also known as futures options.
b. options on futures are also known as options on the underlyling instrument.
c. options on futures is a derivative on a derivative.
d. options on futures are also known as commodity options.
e. all of the above statements are true related to options on futures.