Exhibit 31
Use the Information Below for the Following Problem(S)

question 15

Multiple Choice

Exhibit 3.1
Use the Information Below for the Following Problem(S)
$\begin{array}{lc}\text { Security } & \text { Annual Percentage Return } \\\hline \text { U.S. government T-bills } & 3.04 \\\text { Long-term government bonds } & 5.75 \\\text { Long-term corporate bonds } & 6.80 \\\text { Large capitalization common stocks } & 13.50 \\\text { Small canitalization common stocks } & 15.60\end{array}$

The annual rate of inflation is 2%.
-Refer to Exhibit 3.1.What is the real return on T-bills?

• A) 1.02%
• B) 3.68%
• C) 4.71%
• D) 11.27%
• E) 13.33%

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Definitions:

Genes

Units of heredity made up of DNA that carry information for the development, functioning, growth, and reproduction of organisms.

Spina Bifida

A congenital defect in the spine in which part of the spinal cord and its meninges are exposed through a gap in the backbone.

Structural Malformation

A defect or abnormality in the structure of an organ or part of the body, often present from birth.

Spinal Tissues

The various types of tissues, including muscles, nerves, and skeletal structures, that make up or are associated with the spine.