Does a police officer owe a fiduciary duty to members of


1. Does a police officer owe a fiduciary duty to members of the community to try to prevent crime? Why or why not?

2. Take a look at the Fed's Balance Sheet (BS). Compare the Fed's BS to that of an operating company. What is different about the Fed's BS and why?

3. If the risk free rate is 3% and the risk premium is 5% what is the required return?

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