In a Normal Distribution, Which of the Following Represents the Lowest

question 14

Multiple Choice

In a normal distribution, which of the following represents the lowest level of achievement?

• A)Normal-curve equivalent = 40
• B)Percentile rank = 40
• C)Stanine = 5
• D)T-score = 40

---

Definitions:

Floating-rate Debt

A form of debt where the interest rate varies over time based on a benchmark interest rate or index.

Market Rate

The current interest rate or cost of borrowing in the market, applicable to loans, deposits, and securities.

Bond Interest Expense

The cost incurred by an issuer of bonds due to interest payments made to bondholders, typically recognized as an expense in the income statement.

Effective Yield

A measure of the actual rate of return earned on a bond or fixed-income investment, taking into account the effect of compounding interest.