Reading 50 Fixed-Income Securities: Defining Elements (Layout)
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This reading is organized as follows:
Section 2 describes, in broad terms, what an investor needs to know when investing in fixed-income securities.
Section 3 covers both the nature of the contract between the issuer and the bondholders as well as the legal, regulatory, and tax framework within which this contract exists.
Section 4 presents the principal and interest payment structures that characterize fixed-income securities.
Section 5 discusses the contingency provisions that affect the timing and/or nature of a bond’s cash flows.
The final section provides a conclusion and summary of the reading.