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Questions and Answers
What is the promise made by the issuer of a fixed-income security?
What is the promise made by the issuer of a fixed-income security?
- To pay interest at stated intervals only
- To repay the maturity value only
- To repay the maturity value and pay interest at stated intervals (correct)
- To pay interest only at maturity
Which of the following is NOT a type of fixed-income security?
Which of the following is NOT a type of fixed-income security?
- Stocks (correct)
- Debentures
- Mortgages
- Bonds
What can issuers of fixed-income securities do to modify the terms of a basic security?
What can issuers of fixed-income securities do to modify the terms of a basic security?
- Change the interest rate
- Change the repayment amount
- All of the above (correct)
- Change the maturity date
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