There Are a Total of 14,000 Students at a School

question 103

Multiple Choice

There are a total of 14,000 students at a school.Eighty percent of them go full time at 16 hours per term.Ten percent take a half-load of 8 hours per term,and ten percent take a three-quarter load of 12 hours per term.What is the equivalent number of full-time students?

• A)11,200
• B)14,000
• C)12,950
• D)1,750

---

Definitions:

Dividends

Payments made by a corporation to its shareholders, usually as a distribution of profits.

Unbiased Forward Rate

An estimate of future spot interest rates implied by current interest rates, under the assumption that the forward rates are an unbiased predictor of future spot rates.

Future Spot Rate

The anticipated price of an asset at a future date in a spot transaction, which involves the immediate settlement of the transaction.

Spot Rate

The present market value at which a specific currency can be purchased or exchanged for instant delivery.