Kendra Is on a Camping Trip with Several Generations of Her

question 141

Multiple Choice

Kendra is on a camping trip with several generations of her family. One night, the group decides to wake up the next morning at first light and go on a long dawn hike. If the sleep habits of her family members are typical for their ages, what should happen on the morning of the hike?

• A) The middle-aged adults will be groggier and less alert than the teenagers.
• B) The middle-aged adults will be more alert and function better than the teenagers.
• C) The youngest children in the group will be the most alert because they require the least amount of sleep.
• D) Everyone will be equally alert, regardless of age.

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Definitions:

Coupon Rate

The rate of interest paid yearly on a bond, represented as a percentage of its face value.

Par Value

A nominal or face value assigned to a share of stock or a bond by the issuer.

Interest Rate

This is the charge, applied as a percentage of the principal sum, that a lender requires from a borrower for using its assets.

Coupon Rate

A bond's annual return rate, expressed as a portion of its nominal value.