The annual increase in the cash surrender value of a life insurance policy:

(a) is taxed according to the original issue discount rules.
(b) is not included in gross income because the policy must be surrendered to receive the cash surrender value.
(c) reduces the deduction for life insurance expense.
(d) is exempt because it is life insurance proceeds.
(e) none of these.

Identify which of the twelve basic functions listed below fit the description given.

Astock is selling today for $50 per share. at the end of the year, it pays a dividend of $3 per share and sells for $58. a. what is the total rate of return on the stock? (enter your answer as a whole percent.) b. what are the dividend yield and percentage capital gain? (enter your answers as a whole percent.) c. now suppose the year-end stock price after the dividend is paid is $42. what are the dividend yield and percentage capital gain in this case? (negative amounts should be indicated by a minus sign. enter your answers as a whole percent.)

The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?