Examlex
A section of an exam contains two multiple-choice questions, each with three answer choices (listed "A", "B", and "C") . Assuming the outcomes to be equally likely, find the probability (as a reduced Fraction) that the second answer is either "B" or "C". [Hint: List all the outcomes of the sample
Space first.]
Unrealized Gain/Loss
A profit or loss that results from holding an investment that has not yet been sold, and thus, the gain or loss is not reflected in the financial statements.
Government Bonds
Debt securities issued by a government to support government spending, considered low-risk investments since they are backed by the taxing power of the issuing government.
Corporate Bonds
Debt securities issued by corporations to finance their operations, which pay interest to investors until maturity.
Available-For-Sale
A classification of securities which are not actively traded by the company, with changes in value reported in other comprehensive income.
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