Consider the Following to Answer the Question(s) Below

question 31

Multiple Choice

Consider the following to answer the question(s) below:
The following table represents information about investments of 200 randomly selected residents of Etobicoke.

-The probability that a client is holding mutual funds given that he/she is age 50 or younger is

• A) 0.316.
• B) 0.461.
• C) 0.857.
• D) 0.15.
• E) 0.475.

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Definitions:

Coupon Rate

An annual interest percentage paid by a bond, based on its face value.

Par Value

The face value of a bond or stock, representing the amount that will be paid back at maturity or the stated value upon which dividends are calculated.

Yield To Maturity

Yield to maturity is the total return anticipated on a bond if the bond is held until it matures, accounting for its current market price, face value, interest payments, and time to maturity.

Semi-annually

Occurring or calculated twice a year, typically in the context of interest payments or dividends.