What Is $\frac{7}{9}$ As a Decimal Rounded to the Nearest Hundredth

question 23

Short Answer

What is $\frac{7}{9}$ as a decimal rounded to the nearest hundredth?

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Definitions:

Semi-annually

Semi-annually refers to an event or action occurring twice a year, or every six months.

Coupon Rate

The interest rate stated on a bond when it's issued which indicates the percentage of the principal to be paid annually as interest.

Intrinsic Value

The actual, fundamental worth of an asset, calculated based on an objective analysis of underlying factors.

Conversion Ratio

The specific number of shares of stock that a holder can convert a convertible security into.