Paul Has Grades of 78 and 62 on His First

question 16

Multiple Choice

Paul has grades of 78 and 62 on his first two tests. What must he score on his third test in order to have an average of at least 60?

• A)at least 40
• B)at most 67
• C)at most 60
• D)at least 70

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Definitions:

Noncumulative

Describes dividends on preferred stock that, if not paid in the year they are due, do not accumulate and are not required to be paid in later years.

Par Value

A terminology indicating the official value of a security as outlined in the document at the time of its issue.

Dividend

A distribution of earnings given by a company to its stockholders, typically from its profits.

Par Value

The face value of a bond or stock as stated by the issuing company, often the minimum amount the security can be sold for.