Question: 16 16 A fixed-income security is defined as: (2 points) a debt obligation that pays a fixed rate of return for a one-year period of

16 A fixed-income security is defined as: (2 points) a debt obligation that pays a fixed rate of return for a one-year period of time. long-term debt issued solely by a federal or state government. a long-term debt obligation that pays scheduled fixed payments. common or preferred stock that pays a fixed annual dividend

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