What Would Be a Reasonable Estimate for the 99^th Percentile

question 100

Multiple Choice

What would be a reasonable estimate for the 99^th percentile?

• A)Between 23.2 and 26.3
• B)Between 26.3 and 29.4
• C)Between 29.4 and 32.5
• D)Greater than 32.5

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Definitions:

Bond Premium

When a bond's selling price surpasses its original issued cost, known as its face value.

Annual Interest

The amount of interest charged or earned over a year on borrowed capital or investment principal.

Present Value

The contemporary financial worth of a future sum or ongoing cash flows, evaluated at a designated rate of return.

Compounded Annually

A method of calculating interest where the interest earned each year is added to the principal, and the interest for the next year is calculated on the total amount.