Assume Market Interest Rates Have Risen Substantially in the 5

question 19

Multiple Choice

Assume market interest rates have risen substantially in the 5 years since an investor purchased Treasury bonds that were offering a 6% return over their 15-year life.If the investor sells now,he or she is likely to realize a total return that is:

• A) greater than 6%.
• B) less than 6%.
• C) equal to 2%.
• D) equal to 6%.

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Definitions:

Fixed-Interval

A schedule of reinforcement where a response is rewarded only after a specified amount of time has elapsed.

Reinforcement

The process of encouraging or establishing a pattern of behavior by offering rewards or consequences.

Employer

An entity or individual that hires and pays individuals for their labor or services.

Continuous-Reinforcement

A learning schedule in which every occurrence of the desired behavior is reinforced, thereby facilitating the acquisition of the desired behavior.