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If you were expecting a 6% inflation rate and demanded a 2.0 % positive real return for the year, your ex-ante desired nominal rate would be 8.12%.  If, at the end of the year, actual inflation was 12%, what would your ex-post real return be? Round to 4 significant decimals.

Normally, we say that everything else held constant, the yield curve is generally ____ because of the additional risk associated with longer maturities and the positive relationship between risk and return.

In times of no inflation, fiat money can serve as a store of value over time.

Which financial market function involves the use of scarce capital?

Which of the following involves simultaneously buying and selling the same asset in two different markets at two different prices to exploit pricing inefficiencies across markets and earn riskless profits?

Which of the following involves the attempt to profit over the short term from fluctuating prices?

Which of the following involves taking an opposite position from an existing risky position so the two cancel out and you lower your overall risk?

A nurse must prepare a 100mg/mL meropenem solution using one 500mg ampoule and Water For Injections. The displacement volume for meropenem is 0.3mL/500mg. What volume in millilitres must be added to the ampoule in order to produce the required concentration?  Give your answer to ONE (1) decimal place.

A 48-year-old obese patient (weight 112kg, height 5 foot 6 inches) has been admitted to hospital with suspected theophylline toxicity. The steady state theophylline level is found to be 60mg/L, and she is treated by the medical team on duty. In a few days, you are asked to calculate a new theophylline dose of 14mg/kg. As theophylline is poorly distributed in body fat, you decide to calculate the patient’s ideal body weight (IBW).  Calculate an appropriate daily theophylline dose in milligrams for this patient. The hospital pharmacy has theophylline available in 100mg, 200mg, 300mg and 400mg tablets. IBW (female): 45.5kg + (2.3kg x the number of inches over 5 feet)

Question 23 and 24 refer to the CLEAR trial. This phase 3, double‐blind, placebo‐controlled study randomised 345 patients with hypercholesterolemia and a history of intolerance to at least two statins. The study allocated participants to either bempedoic acid 180 mg or placebo once daily for 24 weeks. The primary end point was a major cardiovascular event.