The Owner of a Unit Investment Trust Share

question 51

Multiple Choice

The owner of a Unit Investment Trust share

• A) must hold the share until it matures.
• B) will receive capital gain distributions but no interest income.
• C) can trade the shares in any secondary market.
• D) can resell the share to the sponsor at the ask price.

---

Definitions:

Conditioned Response

A learned response to a previously neutral stimulus that has become conditioned by being paired with an unconditioned stimulus.

Habituation

A psychological learning process wherein there is a decrease in response to a stimulus after being repeatedly exposed to it.

Acquisition Behavior

A behavioral psychology term referring to the process of learning new behaviors, often through conditioning.

Classical Conditioning

A learning process that occurs when two stimuli are repeatedly paired: a response which is at first elicited by the second stimulus is eventually elicited by the first stimulus alone.