424. In Variable life insurance, the death benefit and cash value of the policy _________ according to the investment performance of a special investment account into which premiums are credited.

by
Went up
Went down
Remain Fixed
Fluctuate
✅ The correct answer is D.
In Variable life insurance, the death benefit and cash value of the policy fluctuate according to the investment performance of a special investment account into which premiums are credited.

421. In expected rate of return for constant growth, expected total rate of return is equal to

by
buying pricing
dividend yield
rate of return
selling pricing
✅ The correct answer is B.
In expected rate of return for constant growth, expected total rate of return is equal to dividend yield. The dividend yield is the ratio of a company’s annual dividend compared to its share price.

419. Markets in which outstanding securities are traded by investors are classified as

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primary markets
secondary markets
initial public offering market
stock market
✅ The correct answer is B.
Markets in which outstanding securities are traded by investors are classified as secondary markets. The secondary market is where investors buy and sell securities they already own. It is what most people typically think of as the “stock market,” though stocks are also sold on the primary market when they are first issued.

417. Dollar return is divided by invested amount which is used for calculating the

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rate of return
return amount
investment rate
received amount
✅ The correct answer is A.
Dollar return is divided by invested amount which is used for calculating the rate of return. A rate of return (RoR) is the net gain or loss on an investment over a specified time period, expressed as a percentage of the investment’s initial cost. Gains on investments are defined as income received plus any capital gains realized on the sale of the investment.

409. An earning of business which is available for free distribution to all stockholders and creditors is classified as

by
free cash flows
free distribution
available income
cash income
✅ The correct answer is A.
An earning of business which is available for free distribution to all stockholders and creditors is classified as free cash flows. Free cash flow represents the cash a company generates after cash outflows to support operations and maintain its capital assets.

407. A technique uses in comparative analysis of financial statement is

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graphical analysis
preference analysis
common size analysis
returning analysis
✅ The correct answer is C.
A technique uses in comparative analysis of financial statement is common size analysis. Common size, or vertical analysis, is a method of evaluating financial information by expressing each item in a financial statement as a percentage of a base amount for the same time period. A company can use this analysis on its balance sheet or its income statement.