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Macroeconomics

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Asset that Pays a Large Fixed Payment on Specified Maturity Date

MACRO-NEQJ4E

An asset that pays a large fixed payment on a specified maturity date, along with smaller regular payments prior to that date is best characterized as

A

an equity.

B

a perpetuity.

C

a simple bond.

D

a coupon bond.

E

a fixed-payment loan.