Use the Following to Answer Questions

question 28

Short Answer

Use the following to answer questions :
A pollster asked 1000 adults whether Republicans or Democrats have better domestic economic policies. The following table gives the two-way classification of there opinions.

The pollster then randomly selected one adult from these 1,000 adults.
-The probability (rounded to three decimal places)that the selected adult is a female or thinks that Democrats have better domestic economic policies is:

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Definitions:

Yield To Maturity

The total return anticipated on a bond if it is held until its maturity date, taking into account its current market price, par value, coupon interest rate, and time to maturity.

Par Value

The stated value of a bond, stock share, or coupon as specified by the issuer.

Conversion Premium

The additional amount over the current value that an investor pays to convert a convertible security into a specified number of shares of common stock.

Conversion Ratio

The specific quantity of common shares an investor can receive for converting each unit of a convertible security, such as a convertible bond or preferred stock.