A 20-Foot Ladder Is Placed So That It Reaches to a Point

question 78

Multiple Choice

A 20-foot ladder is placed so that it reaches to a point on the wall that is 4 higher than the distance from the base of the wall to the base of the ladder. How high does the ladder reach?

• A)19 feet
• B)17 feet
• C)12 feet
• D)14 feet
• E)16 feet

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Definitions:

Put Option

A financial instrument that gives the holder the right, but not the obligation, to sell a specified amount of an underlying asset at a set price within a specified time.

Fair Value Hedge

A risk management strategy that uses financial instruments to mitigate the risk of changes in the fair value of an asset or liability.

Mexican Pesos

The currency of Mexico, abbreviated as MXN.

Foreign Exchange Gain

A profit arising from the increase in value of one currency against another in which a company holds assets or liabilities.