These Bonds Have Some Prepayment Protection and Expected Durations of Five

question 82

Multiple Choice

These bonds have some prepayment protection and expected durations of five to seven years depending on the level of interest rates and are primarily purchased by pension funds and life insurance companies.

• A)Class A bonds.
• B)Class R bonds.
• C)Class C bonds.
• D)Class Z bonds.
• E)Class B bonds.

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Definitions:

White-Controlled

Descriptive of organizations, governments, or institutions that are predominantly directed and governed by individuals of European descent.

Religious Institutions

Organizations founded on religious beliefs and practices, often involved in worship services, moral guidance, and community activities.

Black Response

The reaction or actions taken by Black communities or individuals in response to societal, political, or historical challenges and discrimination.

Deferential Behavior

The act of showing respectful submission or yielding to the judgment, opinion, or wishes of another.