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Business, 31.03.2020 01:23 tommyaberman

A(n) is a long-term contract under which a borrower agrees to make payments of interest and principal on specific dates. There are four main types reflecting who the issuers are: , (Business/Treasury) corporate, state and local government, and foreign. Each type differs with respect to and expected return. All have some common characteristics even though they may have different contractual features.

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