8.pptx - Chapter 15NONONONONONO Learning Objectives •...

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Chapter 15NONONONONONO Learning Objectives Describe the characteristics of corporate bonds (bonds issued by corporations) . Discuss why corporations issue bonds. Explain why investors purchase corporate bonds. Discuss why federal, state, and local governments issue bonds, and why do investors purchase government bonds. Evaluate bonds when making an investment. 15-1
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Hong Kong Government i-Bond (Inflation Bond) Issued in minimum units of HK$10,000. Sold in 3-year terms. Valued based upon the Consumer Price Index (CPI), which indicates the inflation rate. Interest is paid every 6 months, and will vary according to the inflation rate. Held until maturity or sold before 15-2 Government Bonds and Debt SecuritiesNONONONONONON
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FEDERAL AGENCY DEBT ISSUES Fannie Mae ( ) Federal National Mortgage Association. Ginnie Mae - pay interest once a month Government National Mortgage Association.
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