5. Types of bonds Aa Aa 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 What type of bonds are these? Who is the issuer of the bonds? O Municipal bonds O Corporate bonds Treasury bonds Federal Reserve Bank of New York O Bank of New York O The New York City government