A Fixed-Income Security Pays ____________

question 17

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
• E)none of the above

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Definitions:

Halite

A salt mineral (NaCl) generally formed by the evaporation of water; cleaves into cubes and has a distinctive salty taste.

Tetrahedron

A four-sided pyramid, as in a silica tetrahedron.

Soluble

Capable of being dissolved in a solvent, typically referring to substances in liquids.

Mohs Hardness Scale

Consists of ten common minerals ranked in order of increasing relative hardness, from 1 to 10.