S When we last saw the Seven Kingdoms of Westeros, a private mint owned by Tywin Lannister had produced a large number of coins, called dragons, each of which had a denomination of seven stars. The most recent dragon coins had been minted at an actual mint equivalent of 10.2 stars per Troy ounce, so that each star in these coins represented 1/10.2 (or 5/51) = 0.098 Troy ounce of silver, and each coin contained 7/10.2 (or 35/51) = 0.686 Troy ounce of silver. The mint had been defrauding the public: its original dragon coins had been minted at a mint equivalent of 8% stars per Troy ounce, and it wanted the public to believe that was still the case, for the more recent ones. Before it began the fraud, each star had represented 1/8.5 (or 2/17) = 0.118 Troy ounce of silver, and each (undebased) dragon coin contained 7/8.5 (or 14/17) = 0.824 Troy ounce of silver. Afterwards, a star in debased coins represented only 1/12 = 0.0833 Troy ounces of silver, and a debased dragon coin contained only 7/12 = 0.583 Troy ounces. The debased dragon coins also weighed a bit less than the originals: 49/50 = 0.98 Troy ounce, compared to 1 Troy ounce for the undebased coins. Before the debasement was discovered, a dragon coin of either type could buy 14 loaves of bread. They were believed to contain 7/8.5 = 14/17 (= 0.824) Troy ounce of silver, and the price of bread, in monetary silver, was 1/17 = 0.0588 Troy ounce per loaf. Although a Troy ounce of raw, uncoined silver would trade for 14 loaves of bread, a Troy ounce of silver contained in coins (monetary silver) would buy 17 loaves. The reason for this was the superior convenience of coins for trade. After the debasement was discovered, it continued to take 14/17 = 0.824 Troy ounce of monetary silver to buy 14 loaves of bread. So an undebased dragon coin would still buy 14 loaves of bread. But a debased dragon coin wouldn't, because it was now known to contain only 7/10.2 (or 35/51) = 0.686 Troy ounces of silver. The price of bread rose from its initial level of 1/2 (0.5) star per loaf to 3/5 (0.6) star per loaf, if the bread was purchased with debased dragon coins. There were 75,000 original, undebased dragon coins in circulation at the beginning of the revolution, along with 110,000 newer, debased dragon coins. Since the new dragon coins were more common, the basic monetary unit of Westeros became the debased-coin star. At this point, a rebellion broke out that led to a revolution in the Seven Kingdoms. King Aerys of House Targaryen was killed and replaced by King Robert of House Baratheon, the leader of the rebellion. The new government in King's Landing purchased all the private mints, including the Lannister mint - paying generous prices - and took over the coinage and monetary system of the Seven Kingdoms. Lord Petyr Baelish, commonly known as Littlefinger, was appointed Master of Coin. As the title suggests, one of the most important duties of the Master of Coin was managing the government mints. King Robert expected the mints to produce a good deal of revenue for him, in order to feed soldiers who had fought on his side and not yet been demobilized. Under the new monetary system Littlefinger constructed, the basic monetary unit remained the star. But he introduced a new coin, called a \"stag,\" which had an engraving of a stag (the symbol of House Baratheon) on one side. He ordered the government mints to begin minting silver-based stag coins, setting the mint equivalent at 12.5 stars per Troy ounce. A stag coin weighed a bit less than debased dragon coin: 14/15 = 0.933 Troy ounce. He announced that these stag coins would be legal tender, at a rate of 7 stars per coin, for all payments in the Seven Kingdoms. In addition, as a concession to Tywin Lannister - who had intervened in the rebellion on Robert's behalf, and whose son had killed King Aerys - he announced that the debased dragon coins the Lannister mint had produced also would be legal tender for seven stars (so that stags and debased dragons had the same denomination), and that the undebased dragon coins that mint had produced would be legal tender for 8.4 stars. Question 13 2 pts [20-a] How much bread, in loaves, could person buy with an undebased dragon coin? (Hint: Remember how many stars the coin is legal tender for.)] Round to the nearest tenth of a loaf. Question 14 3 pts [20-b1] i a person sold an undebased dragon coin to the mint, how many stars in stag coins waould he be paid? (Hint: Remember that even a debased dragon coin did not contain a full Troy ounce of silver.) Round to the nearest hundredth of a star (two decimal places). Question 15 2 pts [20-b2] How many loaves of bread could he buy with those coins? Round to the nearest tenth of a loaf. Question 16 2 pts [20-c] True or false: This mint price was high enough to induce him to sell the coin to the mint. O True () False Initially, Littlefinger announced a mint price of 10% stars per Troy ounce. But he also announced that the mint would buy silver, at that price, only in the form of debased dragon coins. The mint would take care of the task of melting them down. [20] Assuming the price of bread remains 0.6 stars per loaf, paid in any form of legal tender rmaoney