Duration

question 7

Multiple Choice

Duration

• A) assesses the time element of bonds in terms of both coupon and term to maturity.
• B) allows structuring a portfolio to avoid interest-rate risk.
• C) is a direct comparison between bond issues with different levels of risk.
• D) assesses the time element of bonds in terms of both coupon and term to maturity and allows structuring a portfolio to avoid interest-rate risk.
• E) assesses the time element of bonds in terms of both coupon and term to maturity and is a direct comparison between bond issues with different levels of risk.

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Definitions:

Primary Reinforcers

Stimuli that satisfy basic survival needs and thus have intrinsic value, such as food, water, and warmth.

Biological Needs

Fundamental requirements that organisms must satisfy to maintain life, such as food, water, and shelter.

Learned Desire

A preference or craving developed through experience or conditioning rather than inherent or instinctual.

Secondary Reinforcers

Stimuli that become reinforcing through their association with primary reinforcers, not inherently rewarding but learned to be so.