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Research tells us that students' misconceptions about a topic are often quite resistant to change, yet sometimes misconceptions must change if students are to acquire an accurate understanding of the world around them.
a. Describe three different reasons that psychologists have offered as to why students' misconceptions are sometimes resistant to change.
b. Describe at least five different teaching strategies that theorists and researchers believe might help students change their misconceptions about the world.
Holding-Period Return
The total return received from holding an asset or portfolio of assets over a specified period, accounting for both income and capital gains.
Nominal Rate
The stated interest rate of a financial product, not accounting for inflation or compounding effects.
Compounded Quarterly
Refers to the method of applying interest to an existing principal amount and any accrued interest every quarter or three months.
Effective Yield
A measure of the return on an investment, taking into account the effect of compounding interest.
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