Solve the Problem $\frac { 8 } { 13 }$ B) $\frac { 17 } { 26 }$

question 246

Multiple Choice

Solve the problem.
-One card is selected from a deck of cards. Find the probability of selecting a red card or a card less Than 4. (Note: The ace is considered a low card.)

• A) \(\frac { 8 } { 13 }\)
• B) \(\frac { 17 } { 26 }\)
• C) \(\frac { 35 } { 52 }\)
• D) \(\frac { 15 } { 26 }\)

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Definitions:

Monthly Payments

Regular payments made every month, often in the context of loans or leasing agreements.

Callable Bond

A type of bond that gives the issuer the right to repay the bond before the maturity date.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually.

Convertible Bonds

Corporate bonds that have a provision that they may be converted to a designated number of shares or to a designated value of the corporation’s stock.