The Following Table Shows Total Assets ($ Billion) for a Small

question 6

Multiple Choice

The following table shows total assets ($ billion) for a small sample of U.S.banks. $$\begin{array} { | l | l | } \hline{ \text { BANK } } & \text { ASSETS (\$ billion) } \\\hline \text { Bank of New York } & 88 \\\hline \text { Regions Financial } & 80 \\\hline \text { Fifth Third Bank } & 58 \\\hline \text { State Street Bank and Trust } & 92 \\\hline \text { Branch Banking and Trust Company } & 81 \\\hline \text { Chase Bank } & 70 \\\hline \text { Key Bank } & 89 \\\hline \text { PNC Bank } & 84 \\\hline\end{array}$$ The standard deviation for these data is

• A)$12.78 billion.
• B)$ 11.27 billion.
• C)$ 127.01 billion.
• D)$ 21.67 billion.
• E)$ 34 billion.

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Definitions:

Conversion Price

The predetermined price at which convertible securities can be converted into common stock.

Conversion Ratio

A ratio set at the time bonds are issued; determines the number of shares that can be exchanged for a bond.

Bond Rating

An evaluation made by credit rating agencies regarding the credit worthiness of a corporation's or government's debt issues, reflecting the likelihood of default.

Yield To Maturity

The total expected return on a bond if held to its maturity date, taking into account both interest payments and capital gains or losses.