Audrey is thinking about an investment that involves buying a written pledge by a corporation to repay a specified amount of money.It also pays interest every 6 months until it matures.What investment is Audrey thinking about purchasing?
A)common stock
B)preferred stock
C)corporate bond
D)real estate
E)mutual fund

Question

Quizplus · Accepted Answer

Audrey is thinking about purchasing a corporate bond because it involves buying a written pledge by a corporation to repay a specified amount of money along with interest payments every 6 months until it matures. Common stock, preferred stock, real estate, and mutual funds do not involve a written pledge to repay a specified amount of money with interest payments.

Audrey Is Thinking About an Investment That Involves Buying a Written