Multiple Choice
A fixed-income security pays
A) a fixed level of income for the life of the owner.
B) a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
C) a variable level of income for owners on a fixed income.
D) a fixed or variable income stream at the option of the owner.
Correct Answer:
Verified
Correct Answer:
Verified
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