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In a _____ Schedule, Reinforcement Is Given for the First

question 207

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In a _____ schedule, reinforcement is given for the first correct response made after a varied amount of time has passed since the last reinforced response.(Responses made during this time period are not reinforced.)


Definitions:

Duration

An indicator reflecting how the price of bonds or similar debt securities reacts to fluctuations in interest rates, usually stated in terms of years.

Coupon Rate

The annual interest rate paid by a bond, expressed as a percentage of the bond's face value, determining the periodic interest payments to bondholders.

Par-Value

The nominal or face value of a bond or stock, as stated by the issuer.

Duration

A measure of the sensitivity of a bond’s price to changes in interest rates, expressed as the weighted average time to receive the bond's cash flows.

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