A Fixed-Income Security Is Defined As

Multiple Choice

A fixed-income security is defined as:

A) a debt obligation that pays a fixed rate of return for a one-year period.
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.