A(n) is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There are four main types reflecting who the issuers are: , corporate, municipal, and foreign. Each type differs with respect to and expected return. All have some common characteristics even though they may have different contractual features.
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Which investment has the liquidity and can be converted into cash easily?
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A(n) is a long-term contract under which a borrower agrees to make payments of interest and princip...
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