MrPierpont Has Wealth of $200,000

question 31

Multiple Choice

Mr.Pierpont has wealth of $200,000.He wants to keep at least $80,000 in bonds at all times,and will shift $10,000 into bonds from his checking account for each percentage point that the interest rate on bonds exceeds the interest rate on his checking account.Currently,he keeps $100,000 in bonds,which pay him 7%.What is the current interest rate on checking accounts?

• A)5%
• B)7%
• C)9%
• D)10%

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Definitions:

Sad Voice

A vocal tone that conveys sadness, often characterized by lower pitch, slower speech, and subdued volume.

Emotional Support

Providing empathy, care, love, and reassurance to someone which aids in their emotional and psychological well-being.

Facial Gestures

Non-verbal communications through movements or expressions made by the face, such as smiling or frowning.

Emotional States

The psychological condition of a person characterized by their current feelings and mood.