Given the Following Information

question 57

Multiple Choice

Given the following information:

What is the result of =IF( B4>65,"Passing","Failing") ?

• A)TRUE
• B)FALSE
• C)Passing
• D)Failing

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Definitions:

Nonparticipating

typically refers to an insurance or investment product feature where the holder does not have the right to receive dividends or bonuses generated from the underlying pool of assets.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing company, which may bear no relation to its market value.

Dividends Distributed

The total amount of dividends that have been given out to shareholders over a specified period.

Cumulative

Referring to the total amount accumulated over time, often used in the context of dividends, earnings, or effects that are added together continuously.