When Do Medical Students Take Step 2 of the USMLE

question 23

Multiple Choice

When do medical students take Step 2 of the USMLE?

• A) After completion of year 1 of the residency
• B) At the end of year 4 of medical school
• C) At the end of year 2 of medical school
• D) After completing training for a specialty residency

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Definitions:

Net Present Value (NPV)

A method used in capital budgeting to evaluate the profitability of an investment or project, by calculating the difference between the present value of cash inflows and outflows over a period of time.

Zero Cost of Capital

A theoretical situation where a company or project does not incur any cost to obtain and use capital, implying no interest expenses for debt or dividend expectations for equity.

Net Present Value (NPV)

Net Present Value is a method used in capital budgeting to evaluate the profitability of an investment or project, calculating the present value of all cash inflows and outflows using a specified discount rate.

Internal Rate of Return (IRR)

The discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero, used in capital budgeting to estimate the profitability of potential investments.