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A video posted to the Wall Street Journal's Web site in mid-2010 was titled "Equities May Have Rallied Too Much, Buy Puts."
a. What are equities?
b. What does it mean that "equities may have rallied too much"?
c. If equities have rallied too much, why would buying puts be a good idea?
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I invested $15,000 today in a fund that earns 8 percent compounded yearly. To what amount will the investment grow in 3 years?
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