Evaluate $\frac{\frac{6}{7}+\frac{2}{3}}{\frac{3}{7}}$ =
A) 24

question 259

Multiple Choice

Evaluate $\frac{\frac{6}{7}+\frac{2}{3}}{\frac{3}{7}}$ =

• A) 24.89
• B) 3.556
• C) 4.190
• D) 6.429
• E) 5.071

---

Definitions:

Strip Bond

A type of bond investment where the coupon payments and the principal are separated and sold individually as zero-coupon instruments.

Yield Rate

The annual income return on an investment, expressed as a percentage of the investment's price.

Annual Compound Rates

The rate of return that is earned on an investment or paid on a loan when interest is compounded on an annual basis.

RRSP

The Registered Retirement Savings Plan (RRSP) is a Canadian investment vehicle for individuals to save for retirement, with contributions being tax-deductible and growth being tax-deferred.