Write the Word or Phrase That Best Completes Each Statement

question 291

Essay

Write the word or phrase that best completes each statement or answers the question.
-An artist is creating a mosaic that cannot be larger than the space allotted which is 4 feet tall and 6 feetwide. The mosaic must be at least 3 feet tall and 5 feet wide. The tiles in the mosaic have words written onthem and the artist wants the words to all be horizontal in the final mosaic. The word tiles come in twosizes: The smaller tiles are 4 inches tall and 4 inches wide, while the large tiles are 6 inches tall and 12inches wide. If the small tiles cost $3.50 each and the larger tiles cost $4.50 each, how many of each shouldbe used to minimize the cost? What is the minimum cost?

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Definitions:

Investment Choices

The act of deciding where to put money to work in the financial or capital markets with the expectation of receiving a return.

Warrant

A warrant gives the holder the right, but not the obligation, to buy or sell a company's stock at a specific price before a certain date, often issued as part of a new stock or bond issue.

Asset Securitizations

The financial process of pooling various types of debt instruments (e.g., loans, bonds) and selling them as consolidated financial securities to investors.

Credit Derivatives

Financial instruments that allow parties to manage exposure to credit risk, through vehicles such as credit default swaps (CDS).