It might be surprising to find out that the market for fixed income securities is...

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Accounting

It might be surprising to find out that the market for fixed income securities is significantly larger than the more well-known market for equity securities. What types of investors are usually more interested in fixed income types of investments and why? It has often been suggested by so-called experts that individual fixed income investors should invest through bond mutual funds. Can you think of reasons why this suggestion makes sense or doesn't make sense?

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