Simplify the Numerical Expression $$\frac { 4 } { 5 } - \frac { 1 } { 7 } \times \frac { 1 } { 7 }$$

question 128

Short Answer

Simplify the numerical expression. Remember that fractions are not considered simplified unless they are reduced. $$\frac { 4 } { 5 } - \frac { 1 } { 7 } \times \frac { 1 } { 7 }$$

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Definitions:

Secondary Equity Offerings

Public sale of previously issued stock held by large investors or company insiders, often to raise additional capital.

Debt Securities

Financial instruments indicating that money has been borrowed and must be repaid, such as bonds, notes, and bills.

Issuing Debt

The act of a corporation or government borrowing money from investors by issuing bonds, notes, or other forms of debt securities.

Issuing Equity

The process by which a corporation sells new shares of stock to investors to raise capital.