1. Types of bonds Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises to pay a specified interest rate and principal at a future date. The entity that promises to make the interest and maturity payments for a bond issue is called the Based on the information given in the following statement, answer the questions that follow: New York City issued a general obligation bond for a canal in 1812. It was the first formal debt instrument with a fixed repayment schedule issued by a city. Who is the issuer of the bonds? Bank of New York The New York City government Federal Reserve Bank of New York What type of bonds are these? Treasury bonds Corporate bonds Municipal bonds

Fixed-income securities consist of debt instruments and preferred stock. Bonds are debt securities in which a borrower promises to pay a specifled interest rate and principat at a future date. The entity that promises to make the interest and maturity payments for a bond issue is called the Based of the information given in the following statement, answer the questions that follow: New York City issued a general obligation bond for a canal in 1812. It was the first formal debt instrument with a fixed repayment schedule issued by a city. Who is the issuer of the bonds? Bank of New York The New York City government Federal Reserve Bank of New York What type of bonds are these? Treasury bonds Corporate bonds Municipaf bonds