What Is the Yield to Maturity on a 3-Year Zero-Coupon $\begin{array}{cc}\text { Maturity }\\\text { (Years) } & \text { Price } \\1 & \$ 925.15 \\2 & 862.57 \\3 & 788.66 \\4 & 711.00\end{array}$

question 23

Multiple Choice

What is the yield to maturity on a 3-year zero-coupon bond? The following is a list of prices for zero-coupon bonds with different maturities and par values of $1,000. $\begin{array}{cc}\text { Maturity }\\\text { (Years) } & \text { Price } \\1 & \$ 925.15 \\2 & 862.57 \\3 & 788.66 \\4 & 711.00\end{array}$

• A) 6.37%
• B) 9.00%
• C) 7.33%
• D) 8.24%

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Definitions:

Lever Pressing

An experimental task used in behaviorism to study learning and conditioning, where subjects press a lever to receive a reward.

Dependent Variable

The variable in an experiment that is tested and measured, often seen as the effect or outcome influenced by the independent variable.

Classical Conditioning

A learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus, famously demonstrated by Pavlov's dogs experiment.

Conditioned Response

A learned response to a previously neutral stimulus that occurs after conditioning or training.