Which of the Following Is the Most Reasonable Estimate of the Number

question 89

Multiple Choice

Which of the following is the most reasonable estimate of the number of characters (typed letters or numbers) in a 609-page book? Assume an average of 194 words per page and a reasonable average number of letters per word.

• A)5 × 10⁵ char
• B)5 × 10⁷ char
• C)5 × 10⁶ char
• D)5 × 10⁴ char

---

Definitions:

Preferred Stock

A category of corporate ownership that has a priority over common stock in terms of asset and earnings claims, typically offering fixed dividend payments.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits via dividends.

Dividends

Distributions from a company to its shareholders, usually coming from the firm's earnings.

Cumulative Preferred Stock

A type of preferred stock that accrues dividends in the event that any dividends are missed, ensuring that preferred shareholders are paid both missed and current dividends before any are paid to common shareholders.