A Builder Wishes to Construct a Ramp 23 Feet Long

question 28

Multiple Choice

A builder wishes to construct a ramp 23 feet long that rises to a height of 4.5 feet above level ground. Approximate the angle that the ramp should make with the horizontal. Round the answer to the nearest degree.

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Definitions:

Intrinsic Value

The perceived or calculated true value of an asset, investment, or company based on fundamental analysis rather than current market price.

Equilibrium

A state in which market supply and demand balance each other, resulting in stable prices and no tendency for change.

Call

An options contract that gives the investor the right, but not the obligation, to buy a stock, bond, commodity, or other instrument at a specified price within a specific time period.

Put

A financial derivative option that gives the holder the right, but not the obligation, to sell a security at a specified price within a specified time.