Find the Probability $\frac { 2 } { 7 }$ B) $\frac { 3 } { 7 }$

question 202

Multiple Choice

Find the probability.
-One digit from the number 4,161,881 is written on each of seven cards. What is the probability of Drawing a card that shows 4 or 8?

• A) \(\frac { 2 } { 7 }\)
• B) \(\frac { 3 } { 7 }\)
• C) \(\frac { 1 } { 7 }\)
• D) \(\frac { 4 } { 7 }\)

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Definitions:

Yield To Maturity (YTM)

The rate of interest earned on a bond if it is held to maturity.

Premium

Premium in finance usually refers to the extra amount paid over the standard or nominal value, as in insurance premium payments or the additional amount to purchase securities.

Discount

A reduction applied to the nominal price of goods, services, or securities, often to incentivize purchase or investment.

Treasury Bond

A long-term, interest-bearing security issued by the U.S. government considered a safe investment with maturity periods typically over 20 years.