Despite a Massive Reduction in the Poverty Rate, Upwards of How

question 3

Multiple Choice

Despite a massive reduction in the poverty rate, upwards of how many Chinese still live on less than $1.25 a day?

• A)20 million
• B)2 billion
• C)200,000
• D)200 million
• E)2 million

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Definitions:

Unlevered Cost

The cost of capital or investment that does not consider the effects of debt financing, reflecting the cost of equity alone.

Bonds Outstanding

Refers to all the bonds issued by a company that are still in circulation and have not yet been redeemed.

Tax Rate

The cut of profits or earnings that governmental entities subtract as tax from companies or persons.

Debt-Equity Ratio

A measure of a company's financial leverage calculated by dividing its total liabilities by its stockholders' equity.