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Calculate the standard deviation of the given random variable X. Please round your answer to two decimal places.
Forty-five darts are thrown at a dartboard. The probability of hitting a bull's-eye is 0.4. Let X be the number of bull's-eyes hit.
Securitized Assets
Financial securities that are created by pooling various types of contractual debt such as mortgages, and selling them to investors.
Convertibles
Refers to convertible bonds or preferred stocks that can be converted into a predetermined amount of the company's equity at certain times during their life, usually at the discretion of the bondholder.
Warrants
Financial instruments that give the holder the right, but not the obligation, to buy a company's stock at a specific price before a certain date.
Conversion Price
The predetermined price at which convertible securities, like bonds or preferred stocks, can be exchanged for a specified amount of another form, typically common stock.
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