1. What's the duration of a 30-year zero coupon bond? 2. Identify at least three different kinds of fixed-income securities, and the pros and cons of each from both the firm's perspective as well as the potential investor's perspective. 3. Why does the investing public need fixed-income securities? Doesn't the stock market, where common stock is bought and sold, provide enough investment options? 4. Are most investors risk-averse investors