Question: A fixed - income security pays: Multiple Choice a fixed level of income for the life of the owner. a fixed stream of income or

A fixed-income security pays:
Multiple Choice
a fixed level of income for the life of the owner.
a fixed stream of income or a stream of income that is determined according to a specified formula for the life of the security.
a variable level of income for owners on a fixed income.
a fixed or variable income stream at the option of the owner.
None of the choices are correct.
A fixed-income security pays: Multiple Choice a fixed level of income

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