Indicate appropriate classifications for each of the following bonds: (a) a bond issued by the state of

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Indicate appropriate classifications for each of the following bonds:

(a) a bond issued by the state of Texas to finance construction of an interstate highway, with payments to be made from tolls

(b) a bond issued by a fairly young, high-growth technology company that pays interest at 5 percentage points over the 10-year Treasury bond yield

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