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z Which of the following bonds are deemed "junk...

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Which of the following bonds are deemed "junk bonds" according to the system used by the S\&P credit rating agency? Higher than BB BB or lower CCC or lower D Suppose that the end-of-year S\&P 500 levels for the years 2007,2008,2009,2010, and 2011 were 1,200, 1,320, 1,492,1,268, and 1,585. You invested $100 in the S\&P 500 fund at the beginning of 2008 . What would be the value of your investment by the end of 2011? $125 $132 $137 $144 During the year 2012,XYZ insurance company collected $1,000,000 of premiums. It paid out $750,000 as claims and $300,000 as commission fees to brokers. Assuming these are the only relevant figures, what is the company's expense ratio, loss ratio, and combined ratio? Expense ratio =75%, loss ratio =30%, combined ratio =105% Expense ratio =30%, loss ratio =75%, combined ratio =105% Expense ratio =75%, loss ratio =30%, combined ratio =45% Expense ratio =30%, loss ratio =75%, combined ratio =45%

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