Which of the Following Is the Solution to This Problem

question 11

Multiple Choice

Which of the following is the solution to this problem? 3/5 ÷ 1/2 = ___.

• A) 6/5
• B) 3/7
• C) 3/10
• D) 1 1/5

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Definitions:

Carrying Value

The recorded cost of an asset in a company's books, less any accumulated depreciation or amortization.

Face Value

The nominal value printed on a financial instrument, such as a bond or stock certificate, representing its worth as stated by the issuer.

Bond Interest Paid

The amount paid by the issuer of a bond as interest to the bondholders, usually expressed as a fixed percentage of the principal.

Discount

A reduction from the usual cost of something or the act of lowering the price.