A bond is:
A) share of ownership in a company.
B) a promise to pay interest each year and to repay the principal on a specified date.
C) a liquid asset since it is a standardized product with a market in which the owner can sell it.
D) both a promise to pay interest each year and to repay the principal on a specified date and a liquid asset since it is a standardized product with a market in which the owner can sell it.
Correct Answer:
Verified
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