Attempts: Score: / 3 1. 1: Bonds and Their Valuation: Introduction Bonds and Their Valuation: Introduction A(n) -Select 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: -Select , corporate, municipal, and foreign. Each type differs with respect to -Select and expected return. All have some common characteristics even though they may have different contractual features