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Exam Code: Virginia-Life-Annuities-and-Health-Insurance
Exam Name: Virginia Life, Annuities, and Health Insurance Examination Series 11-01
Vendor: Virginia Insurance

60 Questions & Answers
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The third step of the three-step, top-down approach to valuation is to decide to allocate investment funds
A. among the various types of securities.
B. among individual firms.
C. among individual firms, and the various securities they offer.
D. among the various groups of firms.
Answer: B
Explanation:
Explanation/Reference:
Explanation:
The third step of the three-step, top-down approach is the analysis (for purposes of allocating investment funds) of individual companies and stocks. The decision of types of securities to invest in is made in the first step, and the decision to focus on certain industries is made in the second step.

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Answer: D


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