Find the Probability $\frac { 5 } { 13 }$ B) $\frac { 2 } { 13 }$

question 183

Multiple Choice

Find the probability.
-A card is drawn from a well-shuffled deck of 52 cards. What is the probability of drawing an ace Or a 9?

• A) \(\frac { 5 } { 13 }\)
• B) \(\frac { 2 } { 13 }\)
• C) \(\frac { 13 } { 2 }\)
• D) 10

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Definitions:

Yield To Maturity

The total return anticipated on a bond if held until it matures.

Interest-Rate Risk

The risk that an investment's value will change due to a change in the absolute level of interest rates, affecting debt securities inversely with respect to their prices and yields.

Unsystematic Risk

The portion of total risk that is specific to a single investment or to a small group of investments, also known as idiosyncratic or specific risk, which can be mitigated through diversification.

Bankruptcy

A legal process in which individuals or businesses unable to meet their financial obligations seek relief from some or all of their debts.