A Computer Is Programmed to Randomly Print Two Letters in a Row

question 28

Multiple Choice

A computer is programmed to randomly print two letters in a row without repeating a letter. What is the probability that the first combination printed is the word "DO"?

• A) 1/650
• B) 1/325
• C) 2/325
• D) 1/26

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Definitions:

Put Option

Financial contract that gives the holder the right to sell an asset at a specific price within a specified period.

Obligation

A duty or commitment that one is bound to by law, promise, or moral responsibility.

Sell

The act of transferring ownership of a security or other asset in exchange for money or value.

Hedge

A hedge is an investment or trade designed to reduce your risk of adverse price movements in an asset, providing protection against losses from price changes.