Which of the following best describes a corporate bond (debt security)? A...
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Accounting
Which of the following best describes a corporate bond (debt security)?
| A | an ownership interest in the firm |
| B | an obligation or liability of the firm with a fixed maturity and repayment period and a stated interest rate |
| C | a line of credit from a commercial bank |
| D | a risk free investment made by the firm |
| E | a loan made by suppliers to the firm |
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