Read the Paragraph Below and Answer the Questions That Follow

question 8

Multiple Choice

Read the paragraph below and answer the questions that follow.
(1) Visiting the house of poet Pablo Neruda was like entering a rich mind obsessed with the sea. (2) The peaked ceiling of the main room was covered with beautiful old ship's timbers. (3) Hanging from the ceiling were several large weathered figureheads from ships, one with the wings of an angel. (4) Near the angel, on the stone wall above the fireplace, was the model of an old ship with eleven canvas sails. (5) More life-size carved figureheads, all women, stood on the floor around the room, leaning forward as if listening. (6) Some were painted, some worn to the wood, some missing fingers or noses from the passing of time. (7) On every table and surface were ocean treasures :  shells, starfish, heaped sea glass and beach agate, a brass ship's lantern, and a narwhal tusk.
Select the number of the topic sentence that states the overall impression of the subject.

• A) Sentence 1
• B) Sentence 2
• C) Sentence 3

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Definitions:

Refunding

In finance, refunding refers to the process where an entity replaces an existing debt obligation with a new debt obligation under different terms, typically to take advantage of more favorable interest rates.

High-Coupon Debt

Bonds that offer higher interest payments due to having a high coupon rate, typically reflecting higher risk or longer maturity.

Interest Payments

Regular payments made to bondholders, representing the interest earned on the bond's face value for a certain period.

Reinvestment Rate

The rate of return available to investors when they reinvest the earnings from an investment during the life of that investment.