Multiple Choice
To supplement his income, Billy has invested in a financial instrument. Each year, he receives an interest payment on his investment. He will also receive an amount known as the principal on the maturity of the investment. Based on the given information, Billy has most likely invested in a(n) _____.
A) common stock
B) corporate bond
C) individual retirement account
D) free-service fund
Correct Answer:
Verified
Correct Answer:
Verified
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