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Question 1. Consider the following assets and contracts: Bank deposits Certificates of Deposit Common stocks Corporate bonds Currencies Exchange-traded funds Crude oil future contracts Gold

Question 1. Consider the following assets and contracts:

Bank deposits Certificates of Deposit Common stocks Corporate bonds Currencies Exchange-traded funds Crude oil future contracts Gold

Hedge funds Mortgages Mutual funds Preferred stocks Credit cards Interest rate swaps

Treasury notes/bonds

Lumber forward contracts

Which of these are fixed income (debt) instruments? Explain.

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