Calculate the Maturity Value of a 300-Day, $6,000 Term Deposit

question 34

Multiple Choice

Calculate the maturity value of a 300-day, $6,000 term deposit earning 5.15% simple interest.

• A) $5,756.34
• B) $6,253.97
• C) $6,309.00
• D) $6,111.78
• E) $7,021.99

---

Definitions:

Shares of Stock

Units of ownership in a corporation that represent a claim on a portion of the corporation's assets and earnings.

Transferable

Capable of being passed from one entity to another, either through sale, gift, or by operation of law, thereby changing ownership or rights.

Supermajority Shareholder Voting

A voting requirement that exceeds the threshold of a simple majority, often used for significant decisions in a corporation.

Hostile Takeover

An attempt by a company or individual to acquire another company against the wishes of the target company's management and board of directors.