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Mean Profit
A report stated that the mean profit margin of 1000 publicly held corporations is 7.5 percent and the standard deviation is 5.1 percent.Profit margins appear normally distributed.A financial analyst sampled 100 of these companies to test whether or not the mean and standard deviation are as stated.The sample results were:
-What is the expected frequency of the 18 or more category?
Convertible Bonds
Bonds issued by a corporation that can be converted into a predetermined number of the company's shares at certain times during their life, usually at the discretion of the bondholder.
Restrictive Clauses
Provisions in contracts that limit certain activities or behaviors to protect contractual interests, often found in loan agreements and employment contracts.
Senior Debt
Debt that has priority over other unsecured or otherwise more junior debt owed by the issuer in the case of bankruptcy.
Debentures
A type of long-term debt instrument that is not secured by physical assets or collateral.
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