Question

A fixed-income security is defined as:
A. a debt obligation that pays a fixed rate of return for a one-year period of time.
B. common or preferred stock that pays a fixed annual dividend.
C. a long-term debt obligation that pays scheduled fixed payments.
D. long-term debt issued solely by a federal or state government.
E. any security originally issued as either debt or equity that pays a fixed, pre-set payment.

Answer

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