A Bond Has a Face Value of $100 and a Conversion

question 59

Multiple Choice

A bond has a face value of $100 and a conversion ratio of 28.What is the conversion price?

• A)$0.28
• B)$2.80
• C)$3.57
• D)$28.00

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Definitions:

Primary Reinforcer

A stimulus that satisfies a basic physiological need and is inherently rewarding without the need for learning.

Conditioned Reinforcer

A previously neutral stimulus that, after becoming associated with an unconditioned stimulus, acquires the ability to produce a learned response.

Partial Reinforcement

A conditioning schedule in which a behavior is reinforced only some of the time, leading to a more resistant response to extinction.

Continuous Reinforcement

A method of learning where a desired behavior is reinforced each time it is displayed.