A $75,000 Face Value STRIPS Is Quoted at 95

question 52

Multiple Choice

A $75,000 face value STRIPS is quoted at 95.100. What is the dollar price?

• A)$71,067.50
• B)$71,150.00
• C)$71,215.00
• D)$71,277.78
• E)$71,325.00

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Definitions:

Carnival Losing Money

A situation where a carnival, fair, or festival incurs financial losses instead of making a profit.

Players

Individuals or entities actively involved in a process or game, each with their own objectives and strategies.

Carnival Roulette Wheel

A gambling game found in carnivals and casinos, where players bet on which numbered or colored slot a spinning ball will land on.

Cost to Play

The amount of money required to participate in an activity, game, or to pursue a certain action.