Complete the Operation and Simplify If Necessary $\frac { 14 } { 23 } - \frac { 10 } { 23 }$

question 53

Multiple Choice

Complete the operation and simplify if necessary. $\frac { 14 } { 23 } - \frac { 10 } { 23 }$

• A) \(4\)
• B) \(\frac { 24 } { 23 }\)
• C) \(\frac { 4 } { 23 }\)
• D) \(\frac { 5 } { 23 }\)
• E) \(\frac { 4 } { 19 }\)

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Definitions:

Buying Power

The amount of goods or services that one's money can purchase, often influenced by inflation.

Rate of Return

Gains or losses incurred on an investment over a specifically defined period, formulated as a percentage of the investment’s kickoff cost.

Floating-rate Bonds

Bonds that have a variable interest rate, which adjusts periodically according to a benchmark interest rate or index.

Coupon Rate

The interest rate stated on a bond or other fixed-income security, representing the annual interest paid by the issuer to the bondholder.