2.

A fixed-income security is defined as:

A.

a debt obligation that pays a fixed rate of return for a one-year period of time.

B.

common or preferred stock that pays a fixed annual dividend.

C.

a long-term debt obligation that pays scheduled fixed payments.

D.

long-term debt issued solely by a federal or state government.

E.

any security originally issued as either debt or equity that pays a fixed, pre-set payment.