The three volumes of a book sit in chronical order on a shelf. Each is 1¼ inches thick, comprising an inch of pages and ⅛ inch for each cover. A bookworm bores from page 1, volume I, to the last page of volume III. How far does it travel?
Ok see the first diagram in the attached picture, do you agree? Putting a book on the shelf, the first page will be on your right and the last page on your left. Good!
Now the books were arranged in chronological order (second diagram). The bookworm bores from page 1 of volume I to last page of volume III. You will agree with me that the last page of Volume III will be the first page the bookworm encounters in Volume III (remember last page is on the left and first page is on the right).
So what we are to find is X (from the second diagram).
X becomes: = One cover of Volume I + whole book of Volume II + one cover of Volume III = ⅛ inches + 1¼ inches + ⅛ inches = 1½ inches
Answer: 1½ inches
Pardon the freehand diagram, I am not a graphic designer🙈
The three volumes of a book sit in chronical order on a shelf. Each is 1¼ inches thick, comprising an inch of pages and ⅛ inch for each cover. A bookworm bores from page 1, volume I, to the last page of volume III. How far does it travel?
Ok see the first diagram in the attached picture, do you agree? Putting a book on the shelf, the first page will be on your right and the last page on your left. Good!
Now the books were arranged in chronological order (second diagram). The bookworm bores from page 1 of volume I to last page of volume III. You will agree with me that the last page of Volume III will be the first page the bookworm encounters in Volume III (remember last page is on the left and first page is on the right).
So what we are to find is X (from the second diagram).
X becomes: = One cover of Volume I + whole book of Volume II + one cover of Volume III = ⅛ inches + 1¼ inches + ⅛ inches = 1½ inches
Answer: 1½ inches
Pardon the freehand diagram, I am not a graphic designer🙈
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Spiking bond yields driving sharp losses in tech stocks
A spike in interest rates since the start of the year has accelerated a rotation out of high-growth technology stocks and into value stocks poised to benefit from a reopening of the economy. The Nasdaq has fallen more than 10% over the past month as the Dow has soared to record highs, with a spike in the 10-year US Treasury yield acting as the main catalyst. It recently surged to a cycle high of more than 1.60% after starting the year below 1%. But according to Jim Paulsen, the Leuthold Group's chief investment strategist, rising interest rates do not represent a long-term threat to the stock market. Paulsen expects the 10-year yield to cross 2% by the end of the year.
A spike in interest rates and its impact on the stock market depends on the economic backdrop, according to Paulsen. Rising interest rates amid a strengthening economy "may prove no challenge at all for stocks," Paulsen said.
