If a bank discloses it has just issued certificates of deposits, this suggests:

Select one:

a. it wants more funding from the money markets

b. it obtains more equity on its balance sheet

c. it wants more flexible sources of long-term funding

d. it wants more long-term funds to lend out

e. it wants to manage the equity part of its balance sheet

Which of the following financial assets does not pay any interest until maturity?

Select one:

a. A preferred share

b. Zero coupon bond

c. A convertible bond

d. A fixed-income security

e. An ordinary share