If We Are Optimistic in Our Assumptions About the Development

question 25

Multiple Choice

If we are optimistic in our assumptions about the development of life and intelligence, thenthe number of technological civilizations in the galaxy should equal the:

• A)average lifetime of a civilization.
• B)number of stars forming per year.
• C)average number of planets per star.
• D)number of stars in the galaxy's habitable zone.
• E)average number of planets that produce life.

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Definitions:

Clean Price

The price of a bond excluding any accrued interest; the price that is typically quoted in the bond market.

Quoted Price

The last price at which a security or commodity was traded and is publicly available.

Par Value

The face value of a bond or stock as stated by the issuer, which has implications for interest calculations or dividends.

Yield to Maturity

Yield to Maturity (YTM) is the total return anticipated on a bond if the bond is held until it matures, considering all payments from now until maturity, including coupon payments and the difference between the purchase price and the par value.