Answered

A promise to pay issued by a borrower with annual interest payments and a principal payment
at maturity.
a. Bond
b. Stock
c. Bank Deposit
d. Loan



Answer :

GinnyAnswer

Final answer:

A bond is a financial contract where a borrower promises to repay borrowed money with interest at maturity.


Explanation:

Bond: A bond is a financial contract where a borrower agrees to repay borrowed money plus interest to the holder of the bond at maturity. It includes a face value, interest rate, and maturity date, allowing buyers to compute its present value.


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