A Bond That Is Characterized by a Fixed Periodic Payment

question 25

Multiple Choice

a bond that is characterized by a fixed periodic payment schedule that reduces the bond's outstanding principal amount to zero by the maturity date is best described as a:

• A) bullet bond.
• B) plain vanilla bond.
• C) fully amortized bond.

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Definitions:

Primary Reinforcer

A stimulus that is naturally reinforcing for a given species, such as food, water, or physical comfort, which does not require learning to be effective.

Skinner Box

An experimental apparatus used in the behavioral study of animals, named after B.F. Skinner, to study operant conditioning.

Shaping

A method of behavior training in which successive approximations toward a desired behavior are reinforced.

Premack Principle

A principle stating that a more desired activity can serve as a reinforcer for a less desired activity.