The Staff of Ms

question 91

Multiple Choice

The staff of Ms.Tamara Hill,VP of Technical Analysis at Blue Sky Brokerage,prepared a frequency histogram of market capitalization of the 937 corporations listed on the American Stock Exchange in January 2013. Approximately ________ corporations had capitalization exceeding $200,000,000.

• A) 50
• B) 100
• C) 700
• D) 800
• E) 890

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Definitions:

Compounded Semi-Annually

The calculation of interest on a principal sum twice a year, effectively increasing the amount on which future semi-annual interest payments are calculated.

Annuity

An investment vehicle that delivers a steady flow of payments to a recipient, predominantly designed to be a revenue stream for retired persons.

Compounded Semi-Annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a semi-annual basis.

Annuity

A financial instrument that provides a consistent series of payments to a person, mainly serving as a source of income for individuals who have retired.