According to Baltes, Expert Knowledge About the Practical Aspects of Life

question 39

Multiple Choice

According to Baltes, expert knowledge about the practical aspects of life that permits excellent judgment about important matters is called:

• A)enlightenment.
• B)wisdom.
• C)proficiency.
• D)competence.

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Definitions:

Conversion Feature

An option within certain bonds or preferred stocks that allows them to be converted into a predetermined amount of the issuer's common stock.

Dividend Yield

The annual dividend payments to shareholders expressed as a percentage of the stock's current price.

Yield-To-Maturity

The total return anticipated on a bond if it is held until it matures, including all payments from interest and principal, calculated as an annual rate.

Zero-Coupon Bond

A bond that does not pay periodic interest payments and is sold at a discount from its face value. The bond's profit comes from the difference between its purchase price and its face value at maturity.