Lance the Wizard Has Been Informed That Tomorrow There Will

question 9

Multiple Choice

Lance the Wizard has been informed that tomorrow there will be a 45% chance of encountering the evil Myrmidons and a 20% chance of meeting up with the dreadful Balrog. Moreover, Hugo the Elf has predicted that there is a 12% chance of encountering both tomorrow. What is the probability that Lance will be lucky tomorrow and encounter neither the Myrmidons nor the Balrog ?

• A)0.45
• B) 0.36
• C) 0.46
• D) 0.52
• E) 0.47

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Definitions:

Authorized Shares

The maximum number of shares that a corporation is legally allowed to issue, as specified in its articles of incorporation.

Outstanding

Refers to something not yet resolved or paid; in finance, it typically relates to shares issued and still in circulation or debts that have not been settled.

Legal Capital

The portion of a company's equity that cannot legally be distributed to shareholders as dividends, usually related to the par value of common and preferred shares.

Par Value

The nominal or face value of a bond, share of stock, or coupon as stated by the issuer, which does not necessarily reflect market value.