In a Horse Race, Nine Horses Are Running

question 136

Short Answer

In a horse race, nine horses are running. Assume you have purchased a Trifecta ticket. (In Trifecta, the player selects three horses as first, second, and third place winners. To win, those three horses must finish the race in the precise order the player has selected.) How many possibilities of a Trifecta exist?

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Definitions:

Total Purchase Costs

The aggregate amount of money spent on acquiring an asset, including the purchase price and all associated fees and expenses.

Commission Charges

Fees charged by brokers or agents for their service in facilitating a transaction, often a percentage of the sale value.

Total Cost

The complete amount of money spent on producing or acquiring a product or service, including all variable and fixed expenses.

Par Value

The face value of a bond or stock as stated by the issuing company.