One Night You Put a Quarter into a Slot Machine

question 26

Multiple Choice

One night you put a quarter into a slot machine and get back two quarters. The next night, you put these two quarters back in the machine one at a time, and each time two quarters came out. This pattern continued through the sixth night, after which you took your winnings and went home. How many quarters were fed into the machine?

• A)64
• B)63
• C)47
• D)31

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Definitions:

Regular Cash Dividend

Cash payment made by a firm to its owners in the normal course of business, usually made four times a year.

Ex-Dividend Date

The cutoff date after which new buyers of a stock will not be entitled to receive the next declared dividend.

Shareholders

Individuals or entities that legally own one or more shares of stock in a joint-stock company.

Cash Dividend

A payment made by a company out of its earnings to its shareholders, usually in the form of cash.