USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 48

Multiple Choice

USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
In late January 2004, The Union Cosmos Company is considering the sale of $100 million in 10-year bonds that will probably be rated AAA like the firm's other bond issues. The firm is anxious to proceed at today's rate of 10.5 percent. As treasurer, you know that it will take until sometime in April to get the issue registered and sold. Therefore, you suggest that the firm hedge the pending issue using Treasury bond futures contracts each representing $100,000.

-Refer to Exhibit 15.1. What is the dollar gain or loss assuming that future conditions described in Case 1 actually occur? (Ignore commissions and margin costs.)

• A) $2,945,000.00 gain
• B) $65,500.00 gain
• C) $2,945,000.00 loss
• D) $65,500.00 loss
• E) $10,500.00 loss

Identify the impact of reinforcement schedules on behavior patterns and work habits.

Differentiate between positive and negative punishment and understand their uses in behavior modification.

Understand the concept and application of operant conditioning in behavior modification.

Identify and differentiate between types of reinforcement (positive, negative) and reinforcement schedules (fixed-ratio, variable-ratio, fixed-interval, variable-interval).

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Definitions:

Sexual Energy

The energy associated with sexual desires and activities.

Repressed Memories

Experiences that are unconsciously set aside because they carry a high emotional burden of stress or trauma.

Aggressive Tendencies

Traits or behaviors characterized by aggression, where individuals may exhibit hostile or violent attitudes and actions towards others.

Repression

A defense mechanism in psychoanalytic theory where distressing thoughts and feelings are unconsciously pushed out of conscious awareness.