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Which of the following statements is correct? Select one: a . Debt securities always pay a fixed rate of return. b . If you lend
Which of the following statements is correct?
Select one:
a Debt securities always pay a fixed rate of return.
b If you lend money to a firm, you have a contractual claim over the income and assets of the firm.
c If you lend money to a firm, you have a residual claim over the income and assets of the firm.
d Debt securities always have a finite life.
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