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Exhibit 5-8
The random variable x is the number of occurrences of an event over an interval of ten minutes. It can be assumed that the probability of an occurrence is the same in any two-time periods of an equal length. It is known that the mean number of occurrences in ten minutes is 5.3.
-Refer to Exhibit 5-8. The expected value of the random variable x is
Issue Price
The price at which new securities are sold to the public or investors by the issuer when they are first offered.
Par
The face value of a security as stated by its issuer, distinct from its market value.
Common Stock
A type of security that represents ownership in a corporation, with voting rights and potential for dividends.
Par Value
The stated value of a financial security, such as a bond or stock, as declared by the issuer.
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