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Life Health > Life Insurance

Quiz question: trading up

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The question was: Which publicly traded life settlement company recently announced it has moved its common stock to the NASDAQ Global Select Market after trading over-the-counter since 2000?

a) J.G. Wentworth Co.
b) Settlement SYNC Inc.
c) Life Partners Holdings Inc.
d) Advanced Settlements Inc.

The answer is: c, Life Partners Holdings Inc., which announced its move to NASDAQ after it reported a sharp increase in earnings for the fiscal quarter ending Nov 30. Life Partners, Waco, Texas, reported $7.3 million in net income on $28 million in revenue for the quarter, up from $5.2 million on $19 million in revenue for the same quarter in 2007. Read about it here


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