Question: Which of the following is NOT correct? A difference between bonds and shares is that: A. bonds pay a fixed regular stream of income and
Which of the following is NOT correct?
A difference between bonds and shares is that:
| A. | bonds pay a fixed regular stream of income and shares pay a fluctuating stream of income. | |
| B. | bonds are issued by governments or companies while shares are issued only by companies | |
| C. | bonds are liabilities for the issuer while shares never need to be repaid by the issuer. | |
| D. | the value of money received for selling shares is not known in advance while the value of money received for selling a bond in the secondary market is known in advance. |
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