Solve the Problem $1.4 \times 10 ^ { 3 }$ Seconds
B)

question 46

Multiple Choice

Solve the problem. Express your answer in scientific notation, and round to one decimal place.
-A computer can do one calculation in 1.4 × 10-7 seconds. How long would it take the computer to do a million (106) calculations?

• A) \(1.4 \times 10 ^ { 3 }\) seconds
• B) \(1.4 \times 10 ^ { 2 }\) seconds
• C) \(1.4 \times 10 ^ { - 1 }\) seconds
• D) \(1.4 \times 10 ^ { - 2 }\) seconds

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Definitions:

Option Contracts

Agreements between two parties granting one the right, but not the obligation, to buy or sell an asset at a pre-agreed price within a specified time frame.

In-The-Money Option

An option with an exercise price that is favorable compared to the current market price of the underlying asset.

Initial Investment

The initial amount of money spent to start a project, purchase an asset, or embark on a financial venture, prior to any earnings or gains.

Conversion Ratio

A specific number of shares a bondholder can receive for each bond if they choose to convert it into stock.