Consider the following descriptions of different types of bonds. Then, dick the boxes in the right-hand column and choose the bond type that best corresponds to each description. Your broker, Madison, called earlier with an offer to invest in a corporate bond that sells at a significant discount from its face value and does not pay an annual or semiannual interest payment. This is an example of what type of bond? A bond issued by the State of New Mexico, the City of Houston, or any of their agencies is referred to by what general term? What is the proper name of a corporate bond that pays interest to its bondholders only if the issuer earns sufficient income to allow the payment of the bond's Interest payments? Your brother, Ethan, called yesterday to ask your advice about investing In bonds to fund your nephew's future college education. Ethan said that he was interested in investing in only very safe and secure investments. Assuming that he restricts his investments to blue-chip corporations of equal credit risk, which form of bond should you recommend