Add or Subtract

question 98

Multiple Choice

Add or subtract. Then simplify. If a denominator has two or more factors (other than monomials) , leave it in factored form. Express the answer using the denominator of the first fraction when applicable.
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Definitions:

Par Value

The face value of a bond or stock, as stated by the issuing company, which might not reflect its market value.

Callable

A feature of a financial instrument that allows the issuer to repurchase or redeem the instrument before its maturity date.

Yield To Call

The total return anticipated on a bond if it is held until the date it is called by the issuer, including interest payments and the call price.

Call Price

The price at which a bond or other financial security can be repurchased by the issuer before its maturity date, as specified in the callable feature.