Use the Following Information to Answer the Questions:
a

question 1

Short Answer

Use the following information to answer the Questions:
A city is divided into three regions for distributing the 20 representatives on a public utility board. The regions and their populations are shown below. $\begin{array}{ll}\underline {\text {Region}}&\underline {\text {Population}}\\\text { West } & 18,600 \\\text { Middle } & 12,900 \\\text { East } & 15,200\end{array}$
-Compute the quota for each region.

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Definitions:

Short

A trading strategy that involves selling a security that one does not own, with the intention to buy it back at a lower price.

Futures Contract

A standardized legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Underlying Asset

The financial instrument (e.g., stock, bond, commodity, or currency) on which a derivative instrument, such as an option or futures contract, is based.

Corporate Bond Portfolio

A collection of corporate bonds held by an investor or managed by a financial institution.