Which of the following is a characteristic of stock?
A) Stock represents a promise to repay a fixed amount of funds.
B) The face value or principal plus interest is repaid at a specified period of time.
C) The length of coupon payments is fixed by the stated maturity period.
D) Stock represents ownership in a firm
Correct Answer:
Verified
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A)the
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Q109: What happens in the secondary market?
A)Secondary inputs
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