Leo Quit Smoking Two Months Ago

question 108

Multiple Choice

Leo quit smoking two months ago.He is hoping that he can continue to stay tobacco-free so he has been trying to find ways to support his new, healthy behavior pattern.He eats mint whenever he gets a craving to smoke.Leo seems to be in the _____ stage of the stages of change model.

• A)preparation/determination
• B)contemplation
• C)action/willpower
• D)precontemplation

---

Definitions:

Bond Prices

The cost at which a bond is trading, which can fluctuate based on interest rates, the bond's credit quality, and other factors.

Coupon Rate

The per annum interest rate of a bond, depicted as a percentage of its principal amount.

Zero-Coupon Bond

A financial instrument that pays no regular interest, sold at a significant discount and redeemed for its full face value at maturity.

Duration

A measure of the sensitivity of the price of a bond or other debt instrument to changes in interest rates, often used to estimate the price's volatility.