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A Carnot engine operates between a high temperature reservoir at 435 K and a river with water at 280 K. If it absorbs 3700 J of heat each cycle, how much work per cycle does it perform?
Hedge Ratio
A ratio used to measure the proportion of exposure that is protected from risk through hedging activities.
Dollar Change
The difference in the value of a financial instrument or market index between two points in time.
Dollar Exposure
The risk associated with changes in the value of the U.S. dollar compared to other currencies in international finance.
S&P 500 Index
A market-capitalization-weighted index of 500 of the largest publicly traded companies in the U.S.
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