[Solved] The zero-coupon rate (zcr) is A) The rate of return each period on a bond that pays no coupons. B) The yield-to-maturity of a zero-coupon bond. C) The return on the bond's appreciation excluding coupon payments. D) Zero. Dramatic Decline: A rapid and significant drop in the value or price of an asset or market. Naked Strategy: A trading tactic involving the speculative purchase or sale of financial instruments without protective measures to offset potential losses. Long Put: An options strategy where an investor purchases a put option, betting that the underlying asset's price will decline below the strike price before expiration. Collar Strategy: An investment strategy that uses options to limit the range of possible returns, protecting against large losses but also capping large gains.