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The largest risk facing a bond is _____ risk. Default Interest rate Systematic Firm The maturity of bonds is best described as _____-term. Short Medium

The largest risk facing a bond is _____ risk.

Default

Interest rate

Systematic

Firm

The maturity of bonds is best described as _____-term.

Short

Medium

Long

A bond's interest payment is best described as a _____ and bondholders are best described as _____ Residual; owners

Residual; creditors

Promise; owners

Promise; creditors

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