Solve the Problem $\$ 7.59 , \$ 8.49 , \$ 8.39 , \$ 8.59 , \$ 7.59 , \$ 8.29 , \$ 7.39$

question 32

Multiple Choice

Solve the problem.
-The following prices per pound of ocean perch were found at seven supermarkets:
$\$ 7.59 , \$ 8.49 , \$ 8.39 , \$ 8.59 , \$ 7.59 , \$ 8.29 , \$ 7.39$
What is the median price per pound?

• A) \(\$ 7.59\)
• B) \(\$ 8.59\)
• C) \(\$ 8.39\)
• D) \(\$ 8.29\)

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Definitions:

Annual Real Rate

The annual rate of return on an investment, adjusted for inflation, indicating the real purchasing power increase over the investment period.

Holding-Period Return

The total return received from holding an asset or portfolio of assets over a specified period, including interest, dividends, and capital gains.

Interest

The charge for the privilege of borrowing money, typically expressed as an annual percentage rate.

Holding-Period Return

The total return received from holding an asset or portfolio over a period of time, considering all sources of income and capital gains.